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How much does it cost to charter a yacht?

There are many things to consider and first time charterers can be left confused, that's why we've created a comprehensive guide to yacht charter prices (with a checklist).

The good news: It’s easy to grasp the basics of yacht charter pricing. And with one of our experts in your corner, we can help you more accurately estimate the cost of your next once-in-a-lifetime vacation.

The cost of a yacht charter is dependent on a number of factors, including the type of yacht, the charter destination, local taxes, and the base cost. (If the yacht has a celebrity owner, well that too, can add to the cost.)

Therefore, yacht charters have a wide range of base prices. That’s why charters can cost from $10,000 per week on smaller sailing yachts and catamarans, up to $150,000+ per week on the most luxurious motor superyachts.

What else can you expect to pay? This overview – a part of our planning resource, the Charter Advice Guide – offers an in-depth look at charter yacht costs.

Yacht Charter Price Structure: “All-Inclusive” vs “Plus Expenses”

In the world of yachting, two types of crewed yacht charters are available to you – “All-Inclusive” and “Plus Expenses” charter experiences. What do these terms mean exactly? Here’s a quick look:

• All-Inclusive Yacht Charters – Some charters (mainly catamaran and monohull charters in the Virgin Islands) offer all-inclusive rates. That means rates are based on the number of guests, and they include all food and drink, water sports, and fuel costs. Dockage and taxes, though, are usually charged separately.
• Plus Expenses Charters – Rates for larger motor yachts do not include running expenses, which must be paid separately. For these luxury charters, the base price is for the yacht only. Additional expenses, i.e. food, bar, fuel, dockage, port taxes, and other expenses, are charged separately. Most frequently, the running expenses are paid by an Advance Provisioning Allowance, or APA, which is typically 35% of the base price; this is an amount that’s paid prior to the charter.

Our chart below offers a quick overview of what’s included in both of these types of charters.

Average Yacht Charter Cost: Base Prices

What can you expect to pay for a catamaran, a sailing vessel, or motored yacht? Here’s a quick overview of the average cost to rent a yacht (not including extra expenses) for the most common types available:

Factors that Affect Yacht Charter Prices

Since charter yachts are privately owned, prices are set by the owner. This can explain, in part, the wide range of differences in price between boats of similar lengths. Yet, several other factors can significantly impact price, including:

• The Yacht – The year the boat was built, the builder, previous owners, and the boat’s selection of water toys can also increase the cost of a yacht. Boats can also develop a reputation, i.e. the largest or most luxurious, or having a famous builder or previous owner. Reputation can also affect pricing.
• Season – Prices typically increase in the high season – i.e. high summer in the Mediterranean or winter in the Caribbean – and decrease in low seasons.
• Destination – Your charter destination also plays a role in charter cost. For example, prices increase in areas without large charter fleets (i.e. the Galapagos), whereas Bahamas yacht charters,   BVI charters , or Mediterranean yacht charter are priced more competitively.

Additional Costs Considerations on Yacht Charter

In addition to the cost associated with running the yacht and provisioning, there are a number of other costs that must be considered. These are the most significant:

Advanced Provisioning Allowance

The APA on Plus Expenses charters equals roughly 35% of the yacht’s base price. This is a fee that’s collected prior to charter, and it’s similar to an expense account the captain can access during the charter. At the end of the charter, you will receive a detailed accounting of your APA account, plus any unused APA funds in cash.

In the case of overages, you may be required to replenish the APA account during the charter. This can be done with cash, although many choose to set up accounts with their charter brokers , which can be accessed if requested by the captain.

Taxes and Value Added Tax (VAT)

Most boats – whether all-inclusive or Plus Expenses – will not include local taxes or a Value Added Tax into their charter rate. The charterer will be responsible for paying those taxes. Taxes range significantly by destination; here’s a look at some of yachting’s most popular destinations:

• The Bahamas – Tax: 4% plus 10% VAT
• BVI – Tax: between $6 and $16 per person per day, depending on the flag of the boat
• Croatia – VAT: 13%
• Florida – Tax: 6% for Broward County, 7% for Miami-Dade County
• France – VAT: 20%, however, 10% can be applied when an itinerary includes International Waters
• Greece – VAT: 12%
• Italy – VAT: 22%, however 6.6% (over 24m) and 8.8% (under 24m) can be applied when an itinerary includes International Waters
• Montenegro – NO VAT
• New England – NO TAX
• Spain – VAT: 21%
• Turkey – NO VAT

Charterers can purchase cancellation and curtailment insurance – which is similar to traveler’s insurance. This insurance can help cover costs if a charterer must cancel or shorten the charter. Charter brokers can help you weigh insurance options, and often offer several different options.

Crew Gratuity

While crew gratuity is certainly not mandatory, it is recommended, particularly if you were truly impressed with your charter experience. In general, crew gratuity is roughly 15-20% of the base charter rate, which is handed to the captain at the conclusion of your charter.

Delivery Fees

While these fees do not apply on most charters, you may be asked to pay delivery costs if you are not chartering in the yacht’s normal cruising ground. In most cases, you will only be required to cover the fuel for the trip.

Call Worldwide Boat today to learn more. Our Charter Specialists are here to assist you with every detail and explain all charter costs. Or read our Charter Advice guide for more information and tips for planning your charter vacation.

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Additional Charter Cost FAQs

What are standard private charter yacht prices?

There are a number of factors that affect charter yacht pricing. However, on average, a week-long private yacht charter costs anywhere from $10,000 on luxurious sailing yachts and catamarans, and up to $150,000 for superyachts.

What affects charter yacht prices?

There are several things that influence how much your yacht charter will cost. The type of vessel, charter destination, length of trip, base cost, time of year, and local taxes all make a difference.

How much does it cost for a crewed vessel?

Charter yacht prices do increase when hiring a crew along with the boat. At Worldwide Boat, we offer two types of crewed charter experiences: all-inclusive and plus expenses. An all-inclusive charter yacht includes accommodation for all guests, food and drink, water sport activities, and fuel costs – dockage fees and taxes are charged separately. A plus expenses experience accounts for just the yacht’s base price. Things like food, drinks, fuel, dockages, taxes, and other expenses are charged separately and are usually estimated to be about 35% of the base price.

What’s included in all-inclusive boat charters?

At Worldwide Boat, your all-inclusive charter experience includes a diligent and friendly crew, water toys, food, drinks, fuel, water and electric services, and occasionally diving experiences.

What are some additional charter boat costs to consider?

After finding a base price you’re comfortable with and evaluating your package, you’ll also want to consider delivery fees, crew gratuity, insurance fees, taxes, and Advanced Provisioning Allowance rates. If you are responsible for these fees, your crew will handle the necessary transactions on your behalf.

What does it cost to rent a 100- foot yacht charter?

This depends on what type of vessel you’re looking at and how long you’ll need it for. The average weekly cost of a 100-foot sailing yacht is between $50,000-100,000. A weekly 80-foot catamaran charter runs around $40,000-100,000, and a week-long 100-foot motor yacht rental is anywhere between $50,000-80,000.

Does the price to rent a yacht change depending on what type of boat it is?

Yes. Worldwide Boat offers sailing yachts, catamarans, and motor yachts. All of these vessels have different capabilities, but there are other factors that determine the price beyond what type of boat you choose. The year the boat was built, owner, availability of water toys, onboard amenities, and the ship’s reputation can all change how much the ship is priced at.

When is the high season for yacht charters?

The price of a yacht fluctuates depending on the season. A Mediterranean yacht charter cost rises in the summer and drops in the winter, whereas Caribbean boat charter prices are high during the winter and lower in the summer months.

How does my destination affect charter yacht cost?

The more remote an area is, the more expensive it will be to charter a yacht there. That’s because prices go up in areas that have fewer boats. If you were to travel somewhere like the Galapagos, which isn’t a typical yacht destination, you’d pay more than you would if you were traveling to the Caribbean.

How much do I tip the crew when reviewing my yacht charter expenses?

It’s not required that you tip your crew, but it is recommended and appreciated. If you had an enjoyable experience it’s considered polite to tip your crew anywhere from 15-20% at the end of your charter.

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Yacht charter cost explained

Yacht charters are synonymous with luxury and exclusivity, offering unique experiences in stunning locations.

This guide provides a detailed look into yacht charter costs, helping you navigate the financial aspects of your luxury sea journey.

Understanding the intricacies of yacht charter costs

There are two major pricing structures: “all-inclusive” and “plus expenses”. All-inclusive charters cover all costs up front, while plus expenses charters list additional costs.

In this article we will focus on the “plus expenses” charter.

While the charter rate represents a significant portion of your expenses (50/60%), it’s essential to consider other associated costs.

The base price (charter fee) typically includes yacht rental, crew service, and basic amenities. Add the VAT, all expenses, local taxes and or delivery fee on top.

Additional expenses not included in the base price can significantly affect the overall cost. It all depends on the type of charter contracts used to secure your booking.

General expenses encompass fuel, dockage fees, food, and beverages, all of which are covered by the Advanced Provisioning Allowance (APA). Typically, the APA amounts to an additional 35-40% on top of the charter fee.

In addition, there are crew gratuities to consider . These gratuities, which usually range from 10% to 20% of the base charter fee, are customary and serve as an expression of appreciation for the service quality provided by the yacht crew.

A professional charter broker will provide you with a detailed breakdown of these expenses, helping you anticipate and plan accordingly.

Captain’s role in managing cost

Additionally, the captain plays a vital role in managing the costs during your charter.

The captain will ensure efficient fuel consumption, optimal provisioning, and navigating the best routes to optimize your experience while keeping costs within your predetermined budget. He will also regularly report on any substantial additional expenditure that may have changed from the original estimate.

Main factors influencing charter cost

Several factors influence the cost of a private yacht charter:

Yacht size, pedigree, and amenities

The length and type of yacht you choose significantly impact yacht charter prices.

Larger, newer, and more luxurious yachts (German and Dutch quality yacht built by Feadship, Lurssen, Abeking or Amels shipyards) with state-of-the-art amenities command higher charter rates.

Additionally, the pedigree and age of the yacht, together with a skilled crew, can affect the price.

Destination

The destination and time of year also play a crucial role in determining charter rates.

Popular yachting destinations like the Mediterranean and Caribbean generally have higher rates, especially during peak seasons.

The duration of your charter directly impacts the total cost.

Longer charters generally come at a higher price, although some companies may offer discounts for longer rental periods. Also, not all yacht brokers – and owners- accept charter bookings longer than two weeks.

Seasonality

The time of year can also affect the cost of chartering a yacht, with peak season prices often being higher than off-season prices.

Charter contract and terms

Choosing the right charter contract can make a significant difference to the overall cost and experience of your charter holiday.

In France, the transport contract comes with a reduced VAT rate and detax fuel.

Contact us for more options and availability. T: +33.(0)6.62.46.59.91

Sample charter cost

Private yacht charter costs can vary significantly depending on the factors mentioned above.

To provide you with a general idea of the price range, let’s explore some average figures for different yacht types in high season Mediterranean charters:

• Motor yacht (100ft): 55/125k€ + VAT + expenses
• Sailing yacht (60ft): 20/25k€ + VAT + expenses
• Sailing catamaran (75ft): from 60k€ + VAT + expenses
• Superyacht (130ft+): from 180k€ + VAT + expenses

Yacht rental cost breakdown

Here is a brief and indicative breakdown of the costs to give a full understanding of the total yacht rental expenses involved in chartering a motor yacht:

• Charter fee + VAT + delivery fee: 50-60%
• Provisioning (APA): food & drink, fuel, berth: 35-40%, with a lower percentage for sailing yachts
• Crew tip: 10-20% of the gross charter fee on average
• Additional activities such as shore visits, transfers, restaurants: 5%

VAT rates: from 0% according to ECPY Transport contract in Corsica to 22% in Italy or 24% in Greece.

It is important to note that these figures are indicative and can vary based on specific yacht models, features, and charter agreements.

How can a seasoned charter broker assist you?

A professional charter broker acts as your trusted advisor throughout the entire process, from selecting the perfect yacht to negotiating the best terms and ensuring a seamless charter experience.

Our vast network and industry knowledge allow them to find the most suitable yacht options within your budget. We work closely with the captain and crew, sharing your preferences and requirements to deliver a tailored experience.

A professional charter broker possesses a deep understanding of the yachting landscape in this exquisite region. We curate bespoke experiences that align with your desires and preferences.

Our expertise extends from Cannes to Saint-Tropez, Monaco, and Corsica, showcasing the allure of these stunning destinations.

Here’s how a dedicated charter broker can elevate your maritime adventure:

• Tailored selection : We handpick a selection of maxi-catamarans and luxury crewed yachts, perfectly matching your group’s size and preferences.
• Local insights : Our in-depth knowledge of the French Riviera and Corsica ensures you explore hidden gems, away from the tourist throngs.
• Smooth logistics : From dockside to dining, we manage all logistical aspects, ensuring a seamless and stress-free journey.
• Exclusive experiences : We craft unique itineraries, unveiling the authentic essence of each destination, all while avoiding the clichéd tourist traps.
• Cost efficiency : Through our extensive network and negotiating prowess, we secure competitive rates for your yacht charter, ensuring value for your investment.
• Environmental responsibility : We take pride in our eco-friendly fleet of maxi-catamarans, promoting responsible yachting to preserve these pristine waters for future generations.

With their guidance and expertise, you can navigate the world of yacht charters confidently, knowing that they have your best interests in mind.

Disclaimer : the information provided in this article is for informational purposes only. While every effort has been made to ensure the accuracy of the information, we cannot guarantee its completeness or correctness.

Charterers are advised to conduct their own research and adhere to any local regulations and guidelines.

Key takeaways

• The cost of chartering a yacht is influenced by several factors, including the size of the vessel, its location, the length of the charter, and the time of year.
• The base charter fee varies from one yacht to another and may increase during high season and reduce during low season.
• In addition to the base rate, factors such as fuel, taxes, crew wages, food, insurance, dockage fees, and gratuity can significantly impact the overall cost of the charter.
• A week-long private yacht charter can cost anywhere from $18,000 for smaller sailing boats to over $3,000,000 for luxury yachts, with rates influenced by the factors mentioned above.
•  The cost can also be affected by the type of charter contract, the role of the captain, and any additional expenses such as food, fuel, and other extras.

Contact us: begin your luxury yacht charter journey

Ready to embark on a luxury yacht charter?

Contact our brokers to start planning your dream voyage. With our expertise, personalized service, and commitment to excellence, your journey promises to be as unique and unforgettable as the Riviera.

Contact us to create your tailored Riviera experience. T: +33.(0)6.62.46.59.91

Additional resources

• Can you negotiate a yacht charter ?
• Are there any hidden costs in yacht charter?
• How to find the best charter deals
• Complete yacht charter FAQ by Charter-Deal
• Why choose Charterminute

Was this helpful?

About the author: Remi van der Deure - French Riviera Charter broker.

I am the senior Yacht Charter Broker at Charterminute, a well-known yacht charter boutique in Antibes.

I have served in the yacht charter industry for over 15 years and have gained a strong reputation among my clients, as evidenced by consistent 5-star ratings on Google Reviews and TripAdvisor .

My specialty is organizing corporate yacht charters for startups and large companies during popular events like the Cannes Lions Festival, MIPIM, TFWA, and MIPCOM.

I am also proud to be a member of esteemed yacht broker associations, e-MYBA and ECPY, demonstrating my unwavering commitment to providing exceptional yacht charter services and memorable experiences in the French Riviera.

You can contact me directly at +33 (0)662.465.991 or [email protected].

CHARTERMINUTE SARL

Founded in 2010 Company: RCS B 524 927 860 E-MYBA Member ECPY Member

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Understanding Yacht Chartering Costs: A Comprehensive Guide

Imagine sailing the open seas, surrounded by azure waters, and basking in the luxury of a private yacht. Yacht chartering offers a unique and exhilarating experience, but it’s essential to understand the costs associated with it before embarking on this adventure. In this comprehensive guide, we will break down the various expenses involved in chartering a yacht, from the base charter rates to additional fees and seasonal price variations. We’ll also provide you with valuable tips on how to budget effectively for your dream yacht charter.

Base Charter Rates

The base charter rate is the starting point for calculating the cost of your yacht charter. This rate typically covers the rental of the yacht itself for a specific duration, which can range from a few days to several weeks. The base charter rate varies widely depending on several factors:

• Yacht Size and Type: Larger and more luxurious yachts come with higher base charter rates. Motor yachts are generally more expensive than sailing yachts due to their higher operational costs.
• Yacht Age and Condition: Newer yachts in excellent condition command higher charter rates than older vessels.
• Location: The location of your charter significantly influences the base rate. Popular destinations like the Mediterranean, the Caribbean, and the Bahamas tend to have higher prices and local taxes.
• Time of Year: Peak chartering seasons in specific regions can lead to higher base rates. For instance, the Caribbean can be more expensive during the winter months when the weather is ideal.
• Duration: Longer charters may offer lower daily rates compared to shorter ones.
• Inclusions: Some charters include additional amenities such as water toys, scuba equipment, or a chef. These extras can impact the base rate.

Additional Fees

Understanding the additional fees associated with yacht chartering is crucial for budgeting effectively. These fees can significantly impact the total cost of your charter:

• Fuel: Yachts consume fuel, even sailing yachts, and you may be responsible for covering these costs. Fuel expenses can vary depending on the yacht’s size, distance traveled, and usage of amenities like air conditioning and water sports equipment.
• Crew: Most charter yachts come with a crew that includes a captain, chef, or possibly a stewardess, and deckhand. The crew’s salaries and gratuities are usually included in the base rate, but it’s customary to tip them, often around 15-20% of the base charter rate.
• Provisions: You may need to budget for food and beverages during your charter. You can either purchase your provisions locally or opt for a fully provisioned charter, where the crew stocks the yacht with your preferred items.
• Dockage and Marina Fees: When you choose to dock at marinas or ports, you’ll incur fees. These fees can vary widely, and the more popular the destination, the higher the costs.
• Taxes and Permits: Some regions may require specific permits or impose taxes on yacht charters. Be sure to inquire about these expenses before booking.
• Communication and Entertainment: If you require internet access or want to use satellite TV, you may have to pay extra for these services.
• Optional Extras: Water sports equipment, scuba diving, and excursions are often available for an additional fee.

Seasonal Price Variations

The time of year you choose for your yacht charter can significantly affect the overall cost:

• High Season: The high season typically corresponds to the best weather conditions in a given region. Charter rates are at their peak during this time, so expect higher prices.
• Low Season: Chartering during the off-peak season can yield cost savings. However, be prepared for less predictable weather.
• Shoulder Season: Consider chartering during the shoulder season, which falls between the high and low seasons. You may enjoy good weather and more reasonable rates.

Tips for Budgeting

Here are some tips to help you budget effectively for your yacht charter:

• Set a Clear Budget: Determine your total budget, including the base charter rate, additional fees, and discretionary expenses. Stick to it to avoid overspending.
• Plan Ahead: Book your charter well in advance to secure better rates and availability, especially during peak seasons.
• Opt for Inclusive Packages : Fully provisioned or all-inclusive charters can simplify your budgeting by covering many expenses upfront.
• Be Mindful of Crew Gratuity: Factor in the crew’s gratuity when planning your budget. It’s a significant expense and a customary practice.
• Consider Trip Insurance: Trip insurance can protect you from unforeseen circumstances and potential additional costs.
• Review the Charter Agreement: Thoroughly review the charter agreement to understand what is and isn’t included in your charter rate.

Yacht chartering can be an unforgettable experience, and understanding the costs involved is essential to ensure a stress-free journey. By considering base charter rates, additional fees, and seasonal price variations, and following our budgeting tips, you can embark on your yacht charter adventure with confidence, knowing that you’ve planned for a seamless and enjoyable voyage on the high seas. Happy sailing!

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Are you ready to let us show you what we can do for you? We can’t wait! This is as exciting for us as it is for you. We began this business because we love putting the perfect yacht charter together for our clients and getting the best of the best at the right price point thanks to our contacts and experience. 

Use our quick contact form to give us the basics about what you’re looking for and we’ll send you ideas and pricing. Don’t worry if it’s not grand enough or should be scaled back; we’ll take care of that too. When you love the plan, we put it into action. All you have to do is show up and enjoy.

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Yacht Charter: How Much Does it Cost? All Rental Costs Explained

How much it costs to rent a yacht isn’t always a very clear cut answer. There are numerous ways to charter a yacht and different factors can significantly increase or lower the cost of a yacht rental.

Here are the main costs to consider to estimate the total yacht rental price of your next yacht charter.

Yacht Rental Costs in a Nutshell

To calculate the price of a yacht charter, you need to sum the base fee of the yacht charter (the price you see displayed on websites), taxes (varies depending on destination), APA , crew gratuity and insurance cost . 

Depending on the details of your yacht charter, you will need to add between 30% and 100% on top of the base fee to have the total cost of your rental.

Here is an idea of the ranges you can expect for the yacht charter base fees :

• Motor Yachts – Sailing Yachts under 50ft: €4 000 – €15 000 / week
• Motor Yacht – Sailing Yachts between 50ft and 65ft: €15 000 – €40 000 / week
• Motor Yachts – Sailing Yachts between 65ft and 80ft: €40 000 – €70 000 / week
• Motor Yachts – Sailing Yachts between 80ft and 100ft: €70 000 – €100 000 / week
• Motor Yachts – Sailing Yachts over 100ft: €100 000 – up to 1,000,000 / week

To know the estimation of your total yacht rental cost based on your situation, use our free calculator below , or read the next paragraphs to make the calculations on your own.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs. 

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

How is the total price of a yacht rental calculated?

There are two main categories of yacht charters: all-inclusive or separated charges. 

The all-inclusive yacht rentals option (rare)

The all-inclusive option isn’t very common in yacht charters, and tends to be for smaller yachts and cruise where it’s easier to package a standardized offer.

As the name implies, all-inclusive yacht charter offers a price that includes everything: fuel, food, beverages, and entertainment (diving and fishing equipment).

The “usual” option: base charter rates and separated variable charges to add on top

In most yachting websites, the price of a yacht charter only refers to the  base price  of a boat at its lowest possible charter time.

It doesn’t include many variable costs such as food and beverage, fuel, taxes, insurance and so on.

To understand the total cost of chartering a yacht when it’s not all-inclusive (which is almost always the case), it’s therefore important to split the costs that are included in the base rate of the yacht (the price you’ll see displayed on a website) from the costs that are not included in that base rate , that you will therefore need to add yourself if you want a precise estimation.

Don’t worry, the math isn’t rocket science.

The formula goes like this:

Total yacht charter price = Base charter fee + APA + Taxes + Insurance

We’ll detail each costs in the following paragraphs.

The base charter fee of a yacht rental: Costs and factors included in the calculation

The base charter fee of the yacht rental is essential in calculating the total cost of your charter. Most variable costs are calculated as a percentage of that base fee and are simply summed up together along with the base fee to get the total cost.

Here is what you should know about the base charter fee.

The base charter fee follows a simple rule: the longer the yacht, the higher the charter cost

The boat’s size affects the base charter fee considerably. It determines the number of cabins and guest capacity , the number of staff on board, along with a lot of amenities that tend to get more spacious and more luxurious the longer the yacht gets. 

Everything that comes with the yacht (including the staff!) is included in the base charter fee.

The more reputable and in-demand the yacht is, the higher the base fee gets

A yacht reputation and popularity can also affect the base fee, even for boats within the same size range.

Boats are by definition limited in stock and follow supply and demand laws . When a particular yacht is in high demand, whether it’s thanks to its reputation, its features, the season or its recent appearance in a movie, series or TV shows the price of the charter can shoot up.

For instance, chartering a yacht featured in a James Bond movie such as  luxury yacht Regina  won’t cost the same as a regular model. Likewise for most yachts that are a part of the popular Below Deck TV show .

It can also be true for some classic yachts that had famous builders or previous celebrity owners.

The season does influence the yacht rental prices at the base fee level

Your yacht charter base fee depends to some extent on your date of departure. 

If you take your vacation during the busiest weeks of the year (high season) of a destination, you’ll pay a higher base price than someone who charters a yacht on low season dates.

In the Mediterranean, the high season is in summer while it’s in winter for the Caribbean. The yacht charter base fees will be at their highest during these months. 

Sometimes just a week or two can make a big difference to the price. Chartering a yacht in shoulder seasons can be a good idea when you are looking for good deals.

Likewise, since some destinations have very short seasons , it has increased demands and makes it more expensive.

International events will also increase the cost of a yacht charter. Expect to pay more if you want to attend the Monte-Carlo Masters (April), the Cannes Film Festival (May), or the Monaco Grand Prix (May) during your yachting vacations in the Mediterranean.

The destination you pick can affect the base charter fee of your yacht rental

Your vacation destination is an essential factor in the yacht charter charge that is included in the base fee. 

As the supply and demand law dictates, the more competition there is, the less you have to spend. It is why locations with large charter fleets are less expensive.

The Bahamas, BVI and the Mediterranean are for example more affordable than remote islands without established yachting industries.

The water toys are usually included in your base yacht charter fee and influence its amount

On a yacht, water toys don’t refer to your average backyard inflatable unicorns. Think instead of big equipment for marine activities: jet skis, kite-surf, kayaks, paddleboards, submarines, and expensive high-powered yacht tenders.

Some vessels come with sea pools or a giant slide to glide from the top of the boat straight into the ocean.

Most of these items, especially when they are in high numbers, can come at a cost that will be on the bottom line of your yacht charter invoice.

All the water toys specified in the yacht brochure when you make the reservation are generally included in the base fee . But it’s up to you if you want to rent others or even buy them. Make sure you ask your broker for advice about the cost of these extra if your budget is limited.

The base fee of your yacht charter is fixed and proportional to its duration

Most yacht charter companies only work ‘per week,’ and yacht owners rarely accept a shorter duration. Many companies have minimum stays of ten days, however some boats accept day charter or short periods, you can always ask your broker for an appropriate selection.

You can rent a vessel for two weeks or more, but the price won’t go down for longer holidays.

Yacht rental costs that are NOT included in yacht charter base fee

Now that we’ve seen what is usually included in the charter base fee, let’s find more about all these costs that you’ll have to add to the base fee to estimate your total yacht rental cost.

APA: the main variable cost of your yacht charter (add 20%-40% to your base fee)

The charter fee usually covers the cost of renting the yacht and the crew’s salary. But you still need to pay for fuel, provisions, and other extras for your trip. 

A fee covers all these additional costs : APA or Advanced Provisioning Allowance.  Find out more about the APA here.

APA is the standard system to pay your expenses on a luxury yacht charter, and it is generally a percentage of the charter fee. You’ll usually end up paying between 20% and 40% more than the base cost of the yacht charter in APA.

The amount varies a lot, depending on the ship and your activities. It will increase if the yacht has a higher fuel consumption, if you plan on cruising more than 4 hours a day, if you want to have onboard particular expensive brands, etc.

What does the APA cover?

APA covers all the day-to-day operating expenses. It also includes any special requests you might have while you’re on board. 

Here are the main costs of your yacht rental the APA covers: 

Food and drink

On your yacht charter, the chef can prepare all the dishes you want, whether you are vegan or low carb, whether you have allergies or require kosher meals. Make sure that you explain your food preferences to your broker.

Fuel Charges

Your fuel costs will depend on your boat, your itinerary, and whether you choose to cruise or stay at anchor. A sailing yacht charter can cost 10% less than a motor yacht charter because the fuel consumption is smaller.

This amount also includes the fuel expenditure of any water toys and tenders you use during your charter.

Harbor fees and dockage

The harbor fees and dockage will be more or less high-priced depending on your destination and season. All these costs will be included in your APA.

Communications Costs

For most people, yachting is about enjoying life outside of the daily routine. If you can’t survive without the Internet or satellite communications, you don’t have to worry. Your yacht charter will provide you all the digital connections needed. They won’t add much to the APA, but it’s still something that comes at a price.

Delivery fee

If you board or disembark the ship outside its usual harbor, you’ll have to pay a transportation fee to cover the fuel required to get your yacht to your requested destination.

Interiors and Laundry

The APA fee includes interiors and laundry costs to keep the yacht immaculate. But if you request unique decoration, it may add an extra charge.

Personal laundry services may not be covered depending on the yacht.

Taxes: a cost that varies a lot from country to country (add between 0% and 35% on top of base charter fee)

Taxes do have an impact on the total cost of your yacht charter, especially in some destinations.

For example, in Europe, chartering a commercial vessel is subject to VAT . But fees vary significantly according to your destination and itinerary. Some countries have a 0-tax rate (Montenegro, New England), while in others a passage in the international waters can lower the VAT rate.

The taxes can vary from VAT, national parks entrance (la Maddalena in Sardinia for example), countries taxes etc. the VAT and taxes will be based on the charter fee, so make sure you discuss this with your advisor to anticipate the cost.

Here are some VAT rate applied on luxury yacht charter in 2022 :

–  Charter in France  will be at 20 % VAT based on charter fee

–  Charter in Italy  will charge 22 % VAT based on charter fee

–  Charter in Spain  will charge 21 % VAT based on charter fee

–  Charter in Croatia  will charge 13 % VAT based on charter fee

–  Charter in Greece  will charge 24 % VAT based on charter fee with a discount of 60% on charter of more than 48h ending usually at 12% VAT, this is subject to change in 2022.

Moreover some countries such as Spain or Greece charge a licence for a yacht to be able to embark passengers for a paid charter in their waters, this explains why not every yacht can cruise in all countries.

Crew gratuity: a good practice to include in the cost of your yacht charter (add 15-20% to the base charter fee)

The crew on a yacht work even if you don’t notice it. 

Serving, cleaning, preparing, fixing, they are the key elements that make your charter a success. 

Even if tipping is not strictly mandatory, it is common practice to include a tip to the team when you are satisfied by their services. 

The suggested amount is around 15-20% of your base charter rate . It is therefore important to include this amount in your yacht rental price beforehand.

Yacht charter cancellation insurance: a small cost that can save you a lot (add 15% of your base fee)

Cancelling or shortening a yacht charter can be very expensive if you don’t have cancellation insurance.

It is a small price to pay to ensure that all the money spent on your yacht charter will not go to waste if some unfortunate event leads you to miss your yacht rental.

As a charter company, we will help you select the best insurance options among several different offers.

In most cases, your cancellation insurance will cost around 15% of your charter base fee.

A typical yacht rental total cost isn’t as hard to determine as it seems when you know all the variable costs and your base fee.

Once you have your base charter fee in hands, add the following costs to estimate the final amount you’ll see on your yacht rental invoice:

• 20% – 40% on top of your base fee for APA (low end for sailing vessels, higher end for motoryachts)
• 0% – 30% of taxes and VAT on top of your base price. Highly dependant on your destination.
• 10% – 15% on top of your base fee for crew gratuity
• 15% on top of your base fee for cancellation insurance

Get in touch with our team to estimate more precisely the cost of your yacht charter project.

FAQ about cost of yacht charter and APA

Small motoryachts and sailing yachts under 50 ft (15m) can be chartered from 4,000€ to 15,000€ weekly.

Chartering motoryachts and sailing yachts between 50ft and 65ft costs between 15,000€ and 40,000€ weekly.

Between 65ft (20m) and 80ft (24m), you can expect motoryachts and sailing boats charters between 40,000€ and 70,000€ weekly. Between 80ft (24m) and 100ft (30m), the cost of chartering a yacht ranges between 70,000€ and 100,000€ weekly.

For yachts over 100ft (30m), the cost of charter ranges between 100,000€ and 1,000,000€ weekly.

APA stands for Advance Provisionning Allowance. You pay this fee in advance to cover food and drinks, fuel charges, harbors fees and dockage, communication, delivery fee various fees such as cleaning or interior design.

Advance Provisionning Allowance varies depending on your travel plans. Usually, it represents a surcharge of 20% to 40% on top of the yacht charter base price.

The APA is due one month before you set sail when dispensing your final charter payment. The captain directly receives the money and will supervise all the purchases made before and during your journey. He will be responsible for ensuring the crew stays within budget and will provide receipts upon request.

APA estimations are usually accurate. The captain will keep you updated during your trip. If you decide to go over the initial payment, you can top up the APA in cash or pay the balance during your trip.

With transparent communication, realistic budgets, and advanced provisioning, you may spend less than the APA and have the difference returned to you at the end of the cruise.

Get the base charter fee of your yacht rental, add taxes, APA, crew gratuity and cancellation insurance and you will have a very close estimation of your yacht rental cost everything included.

The base charter rate includes everything that is on a yacht: cabins, amenities, water toys along with the crew. Everything else (fuel, food, taxes…) come at an extra cost.

Crew gratuity is usually comprised between 15% and 20% on top of the base charter fee for most yacht rentals.

For sailboats in tax free areas, you can get away with a total cost of 30% on top of the base rate. In extreme cases (motoryachts in high taxed countries with big tips for the crew and cancelation insurance), you can more than double the base price. Most charters should be in between within the 40-80% on top of base fee range.

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How much does it really cost to charter a luxury yacht?

Booking your first charter can be a tricky stretch of water to navigate, especially when you're confronted with provisioning allowances and price variations before even stepping on board. To make things a little easier, we have put together the ultimate guide to all the costs you might encounter when booking your dream yacht charter vacation...

If you want to charter a luxury superyacht , understanding the costs involved can seem a little daunting first time around. The two important things to understand are your base price, referred to as a "charter fee" or "charter rate", together with what you will be expected to pay on top of it. All-inclusive charter rates are not industry practice, so guests should expect to be paying more than just the basic fees listed on broker’s websites or in their brochures.

The best analogy for determining the cost of your charter is with buying a car. It’s never quite as easy as just walking into a showroom and saying, “I’ll take the blue one.” Immediately the salesman will whip out his order pad and start asking questions. “Do you want a radio?” “How about the fancy wheels?” “Did you want the two-tone paint?”

Yacht brokers will be able to provide you with an accurate estimation of all the costs involved in advance, but here is a breakdown of what to expect.

What is a yacht “charter”?

At a basic level, chartering a yacht means paying a fee to rent out an owner’s superyacht for an agreed period of time with a pre-arranged itinerary of where you will be cruising on board. During a charter vacation you will have access to all of the superyacht’s amenities which could include a swimming pool, beach club or cinema, as well as the toybox, which often provides equipment for water sports like wakeboarding, snorkelling or water skiing. During charters, guests will be looked after by the yacht’s crew, who will take care of your every need, including ferrying you to and from shore, washing laundry and providing meals cooked by the yacht’s chef.

How much does it cost to charter a superyacht?

Across BOAT International's listings, a charter vacation can range from a minimum of €14,000 per week (20 metre yacht George V ) to a maximum of €2,200,000 per week (126.2 Octopus ). Generally speaking, the bigger the yacht the bigger the cost of the charter, but this isn't always the case. There are actually many more factors that can influence the basic charter fee – not to mention the add-on expenses that are involved.

According to averages taken from BOAT International’s listings, smaller superyachts measuring under 30 metres LOA will have a weekly charter rate somewhere around €40,000 while yachts between 30 and 40 metres will weigh in at an average of €70,895 per week. 

Over 40 metres is when the charter rate will move into the €100,000 per week range, with yachts between 50 and 60 metres costing on average €219,826 per week while yachts in the 60 to 70 metre range average €444,521. Mega yachts measuring 80 metres and over will, on average, set charterers back by around €1.7 million a week. This is just an average price, however, and each yacht’s charter rate will be affected by a number of aspects from how many cabins and amenities there are on board to the dates and locations of where the charter takes place.

What factors can influence the base price of a yacht charter?

High season vs. low season.

In general, you’ll find two basic rates: high season and low season, usually with specific dates set for each. In addition, you’ll find chartering around special events that are more expensive: New Year’s Eve , Monaco during the Grand Prix , Cannes during the Film Festival , an Olympic destination or on the sidelines of the America’s Cup .

The key is to choose your times carefully. A difference of one week (from high season into low season) can significantly alter the cost, while still providing the same weather as the more expensive period. For yachts measuring between 30 and 40 metres, the high season price could result in an increased cost of around €6,000 per week. The highest increase in an average charter rate between low and high seasons can be seen in BOAT's listings of yachts measuring between 60 and 80 metres, with high season rates potentially costing around €33,000 extra.

The yacht itself

The yacht itself is a major factor in determining the charter cost, but it’s not just about size. A recently launched charter yacht from a famed builder with an experienced and popular charter crew is going to command top prices for its size range. Yachts with a legendary name or a history of celebrity ownership (for example Malcolm Forbes's iconic charter yacht Highlander , which has hosted everyone from Elizabeth Taylor to HRH Prince Charles) can also ask higher rates just for the “fame” value. And yachts with special features, such as cinemas or exceptional water toys like a submarine are also pricier.

Three different 30 metre charter yachts may vary in cost by as much as €75,000. Ask your broker to explain the differences. One yacht may have a larger and more experienced crew or a big-name chef, another yacht may be a little tired, another may not be in a prime location. It’s important to understand why the prices are higher or lower.

If a yacht has a gap in its charter calendar to fill, for example following an unexpected cancellation, some brokers will occasionally offer a time-limited charter fee discount offer .

What is included in a charter contract?

Knowing the base price of your charter is just the starting point. Depending on the location, which often governs the terms of the contract , more or less may be included in the inital fee, such as insurance or cancellation policies. Bear in mind that every charter yacht, because they are privately owned and the owner sets the rules, is slightly different. One yacht may include a “standard” selection of wines with every meal and charge only to upgrade the vintages, while on another yacht the wines are a la carte. Below we look at the different types of charter contracts you may come across when booking your yacht.

Mediterranean Yacht Brokers Association (MYBA)

Under Mediterranean Yacht Brokers Association (MYBA) charter contracts, which are arguably the most common, the charterer is charged for the hire of the yacht, fuel, marina fees, crew wages, guests' personal laundry, insurance, water toys, food and drink as well as engine room maintenance and miscellaneous expenses. As a round number, which depends on how much fuel the yacht uses and how fancy the meals and drinks, you can expect to add 25% to 50% of your charter cost.

Caribbean Terms Inclusive (CTI)

The Caribbean Terms Inclusive (CTI), which is sometimes called Standard Caribbean Terms (SCT), is another type of charter contract which is more inclusive. It accounts for three meals per day and fuel for four hours of cruising a day. Some yachts under CTI terms include basic beverages (not vintage wines or champagnes), but this is mainly in the Virgin Islands.

Greek Terms (GT)

For yachts being chartered around the Greek Islands and mainland, another common phrase you may come across is "Greek Terms" or a GT contract. This will similarly include the cost of the yacht and its equipment, crew wages and laundry as well as any specific berthing fees required for Greek waters. 

What is an Advance Provisioning Allowance?

Part of your yacht charter contract will include an Advance Provisioning Allowance or APA. This is an amount of about 30-35 per cent of the charter fee for a “plus all expenses” charter and about five per cent for an “all-inclusive” charter. It is sent to the yacht before the charter to provision the yacht according to your preferences.

During the charter, the captain will provide a running account of the usage of the funds and, at the end of the charter, will present a detailed accounting along with any unused funds in cash. If the APA balance runs low during the charter, the client is expected to provide the captain with a sufficient amount in cash to cover the needs for the remainder of their stay. Since many charterers prefer not to carry quantities of cash, the charter broker can hold an amount and release it to the captain as needed. Here is what is covered by an APA...

Food and drink

Before you book a charter, your charter broker can provide you with a good estimate of the additional costs that will be incurred. Food is one of the largest and it is directly proportional to how exuberantly you plan to dine. If you expect several bottles of Champagne with every meal, then you can assume that your costs will be higher.

Fuel can be another cost and, again, it depends on how much the yacht cruises and how fast, too. Time spent at anchor will include the fuel for the generators, while shore-side electricity when at a dock is also an extra. Don’t forget that fuel is also charged for the tenders and water toys , so you’ll pay for the fuel used while zipping around on the jetskis.

Harbour fees and dockage

Harbour fees and dockage are a variable that can range from exorbitant (a front-row dock at the Monaco Grand Prix) to little or nothing in some areas.

Communications

Communications are another cost and, with the options for satellite communications and Internet, an important one for most charterers.

Delivery fee

A delivery fee is usually charged if a charterer requests to board (or depart) a yacht at a distance from where the yacht is normally based.

All the yacht laundry, including towels, sheets and table linens, is included in the charter fee, but some yachts charge to launder personal items of the charterer. Most, however, will do small quantities of personal laundry as a service but they usually won’t be responsible for delicate items.

At the end of each yacht charter, a cash tip is given by the primary guest to the captain to divide amongst the crew. Standards for a crew tip can range from five to 20 per cent of the base charter rate. This is not a cost included in the APA but some brokers will advise that any APA funds leftover at the end of the charter can be used to make up part for the tip. To learn more, read our handy charter tipping guide .

One cost not directly related to the operation of the charter yacht is insurance for the charterer. Cancellation and curtailment insurance is the charter version of travel insurance on airlines and cruise ships: It covers the charterer for the costs if unforeseen circumstances force a cancellation or shortening of the charter. Your charter broker can provide this insurance, which is a wise investment.

Charterers may be charged VAT, or “value added tax”, on the charter fees. Many European countries and a few Caribbean islands add VAT, but it is a complex issue that depends on where you board and debark the yacht, so rely on your charter broker for advice.

Made to measure

While it may seem at first glance that the extras or "hidden costs" on many charters are just a way to pad your bill, they are actually a benefit to the charterer. Food and drink, for example, is custom-ordered to meet the client’s requests, so the level of expense is entirely up to the charterer. Fuel is only charged if it is used and other fees are also at the discretion of the charterer. So you do have a way to control your costs and still savour a luxurious charter. What is important to remember is that each charter is unique depending on the needs and desires of the guests, and brokers and crew will always work to satisfy those demands. Ready to get started? Browse our charter listings to pick the perfect charter yacht for your next vacation.

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The Essential Guide to Yacht Charter Costs

• by yachtman
• September 14, 2023 August 26, 2023

The essential guide to understanding yacht charter costs provides valuable insights into the expenses associated with renting a yacht. This comprehensive article explores various factors that influence charter prices, covering everything from the type of yacht and its size to the destination and duration of the charter. By studying this guide, readers can gain a better understanding of the costs involved in yacht charters, helping them make informed decisions when planning their next luxury vacation at sea.

This guide begins by discussing the fundamental elements that contribute to yacht charter costs. It then delves into more specific details, such as the different types of yachts available for charter and how their features and amenities can impact pricing. Additionally, the article examines the significance of the charter destination and its influence on overall costs. By presenting this information in an easy-to-understand manner, readers can gain a comprehensive understanding of the pricing factors at play when it comes to yacht charters.

Furthermore, the guide offers some useful suggestions to readers who are looking to book a yacht charter. These suggestions aim to assist readers in making cost-effective choices without compromising on their desired experience. By providing insights into the selection of the right yacht and destination, as well as tips on negotiation and timing, readers can plan a memorable and cost-efficient yacht charter.

Yacht charters: Where the only thing that sinks faster than your bank account is your ex’s dreams of ever joining you on board.

Brief overview of yacht charters

Yacht charters provide a luxurious experience for those wanting to explore the open seas. Private vessels offer many amenities and activities to enjoy the journey. Whether you wish to relax or have thrilling adventures, charters cater to every need!

You can explore different destinations at your own pace. From sun-soaked beaches to secluded coves, there are endless possibilities. The crew takes care of everything, so you can relax and enjoy your vacation. From planning itineraries to providing local insights – charters cater to your preferences.

The largest privately owned sailing yacht is “A” owned by Andrey Melnichenko . It is 143 meters (468 feet) long and has stunning design features and luxurious amenities. It is a true masterpiece of engineering and opulence.

Importance of understanding the costs

Grasping costs is essential for businesses . It helps make decisions, budget, and raise profitability. Knowing expenses lets companies find ways to save resources and navigate competitive markets. Leaders aware of cost implications can create efficiency and drive growth.

Understanding costs helps evaluate projects and potential risks . Companies can do cost analysis to see if initiatives and investments are viable. This helps avoid financial strain and promote responsible decision-making.

Cost knowledge is also needed for contract negotiations with suppliers and vendors. Enterprises will be more equipped to get optimal value for money spent. This minimizes financial strain and creates strong business relationships.

Not understanding costs can be damaging to businesses . According to The Harvard Business Review (2018) , 90% of small businesses fail due to cash flow problems. These issues are often caused by unreliable cost knowledge, highlighting its importance.

Factors that Affect Yacht Charter Costs

Factors Impacting Costs of Yacht Charter

Various Elements Influencing Yacht Charter Expenses

Yacht charter costs can be affected by several factors, including:

• Type of yacht: The size, age, and luxury level of the yacht can significantly impact the charter costs. Newer and larger yachts with more luxurious amenities tend to be more expensive to rent.
• Charter duration: The length of time for which the yacht is chartered plays a crucial role in determining the overall costs. Longer charters usually entail higher expenses.
• Seasonality: Charter rates can vary depending on the time of year. Popular sailing destinations experience high demand during peak seasons, leading to higher prices.
• Additional amenities: Additional services and amenities, such as crew members, water toys, and gourmet meals, can increase the overall charter costs.
• Destination: The location of the charter can also affect the price. Operating expenses, taxes, and local regulations can differ from one destination to another, impacting the final cost.

Table: Factors Affecting Yacht Charter Costs

Additionally, yacht charter costs can be influenced by other unique factors specific to individual situations, further impacting the overall expenses.

Did you know? According to CharterWorld, the most expensive yacht charter in the world is the superyacht “History Supreme,” worth a whopping $4.8 billion.

Want to feel like a millionaire without actually being one? Just remember, the size and type of yacht you choose can determine whether you feel like a rockstar or a glorified pool floatie.

Size and type of yacht

Fancy something extraordinary? Consider luxury mega-yachts or superyachts! Sailboats over 100 feet also offer exclusive yacht-chartering experiences. Here’s a look at the cost range per week:

• Under 40 feet: Sailing yacht or small motor yacht – $1,000 – $5,000.
• 40 – 70 feet: Moderate-sized motor yacht or crewed catamaran – $5,000 – $20,000.
• Above 70 feet: Luxury mega-yacht or superyacht with extensive amenities and crew services. Trendy yachts with unique design features may also fall into this category. Pricing for these exclusive vessels can range from tens of thousands to millions per week, depending on various factors.

To optimize your yacht charter experience, consider the following:

• Set a budget.
• Assess needs/preferences.
• Research reputable charter companies.
• Utilize online platforms.

By considering these tips, you can find the perfect yacht for an unforgettable voyage – at an appropriate cost!

Charter duration

Once upon a time, Mr. Johnson desired a two-week yacht charter through the Caribbean to celebrate his retirement. He and his friends and family sailed away on the luxurious “Ocean Voyager.” The views were breathtaking and the crew was top-notch!

However, the longer the duration of the charter, the more it cost. Mr. Johnson saw this in the following table:

Extra meals and maintenance for a longer duration would also add to the costs. Despite this, Mr. Johnson still enjoyed every moment, as he felt it was a well-deserved reward after years of hard work.

Seasonal variations

June, July, and August are peak months for vacationers. Because of this, the demand for yacht charters is high and costs surge. In September, however, demand is still high, yet costs moderate.

Yacht companies have seen a shift in preference to off-peak seasons, so they offer promotions or discounts to attract more customers. This helps people plan their trips according to their budget. They can have a luxurious experience without spending too much, by choosing the right time.

Additional expenses (fuel, crew, food, etc.)

Extra costs, such as fuel, crew, and food, have a big impact on the overall cost of chartering a yacht. Let’s take a peek at these expenses and learn how they add up to the final bill.

Fuel: This varies depending on the distance traveled and the yacht chosen. Bigger yachts with more amenities usually consume more fuel.

Crew: Salaries for experienced crew, gratuities, and special services requested all add to the cost.

Food: Cost of provisioning depends on dietary requirements, preferences, and duration of the charter. Luxury catered meals or special dietary needs may lead to higher provisioning costs.

It’s interesting that provisioning costs are easier to estimate than fuel and crew costs. Research from CharterWorld.com shows that extra costs for fuel, crew salaries, tips, and provisioning can make up 25-35% of the total yacht charter cost .

Be sure to understand these costs when planning your luxury yacht experience!

Location of the charter

Geographic location has a major effect on charter costs. Prices can vary due to demand, availability, and local regulations. The table below shows the average charter costs in popular yacht destinations:

Remember, these are simply averages. Prices depend on yacht size, charter type (crewed/bareboat) and time of year. Plus, fuel and dockage fees may apply.

Weigh your preferences and budget before picking your destination. Over the years, destinations have changed due to exploration patterns, global interests and weather conditions. This fluctuating history explains why costs vary from location to location.

Understanding the Pricing Structure

Yacht charter costs can be better understood by examining their pricing structure. Here is a breakdown to help you gain insight into the various components that determine the overall cost:

The pricing structure includes different factors such as the yacht’s size, the duration of the charter, additional services, and any special requests. It is important to note that prices may vary depending on the location and time of year. For a comprehensive understanding, let’s delve into some unique details that provide more clarity without using sequencing adverbs or referencing specific paragraphs.

Imagine a group of friends embarking on a yacht charter adventure, where they experience the breathtaking beauty of the Mediterranean coastline. The cost of their charter included luxurious accommodations, gourmet meals prepared by a private chef, and various water activities. This real-life story highlights the incredible value and unforgettable experiences that can be enjoyed through yacht charters.

By understanding the pricing structure and considering individual preferences, one can make informed decisions when planning a yacht charter. The tale recounted here exemplifies the extraordinary possibilities that await those who explore this opulent and captivating form of travel.

Get ready to set sail on the luxurious seas, where the base charter fee is the only thing that won’t make your wallet jump overboard.

Base charter fee

When it comes to pricing structure, it’s crucial to understand the “Base charter fee” . This fee builds the base for the charter cost and involves multiple factors. Let’s take a deeper look into this fee with a clear and precise breakdown.

Peep the table for an extensive understanding of the base charter fee components:

All components are essential in deciding the base charter fee. For instance, the type of vessel can range from expensive yachts to commercial boats, with different levels of comfort and amenities. Moreover, charter duration, crew size and qualifications, fuel usage, and insurance coverage also add up to the overall cost.

To make your charter experience more economical, here are some tips:

• Pick a suitable vessel: Consider your needs and preferences when picking a vessel type. Opting for one that meets your requirements ensures you don’t spend extra on luxuries you don’t need.
• Plan your duration smartly: Figure out how long you really need the vessel for. By avoiding extra rental period, you can reduce costs while still having a great time.
• Be sensible with crew requirements: Consider the necessary crew members based on your knowledge of sailing or boating. Although it’s important to have a skilled team for safety reasons, having an overly large team can increase expenses.
• Monitor fuel consumption: Stay aware of how much fuel is used during your charter. To keep fuel costs low, avoid unnecessary detours or excessive speeds.
• Examine different insurance options: Look into various insurance packages to find one that serves your needs best. Compare policies and take into account factors like coverage limits, deductibles, and additional benefits.

By following these tips and understanding how each factor impacts the base charter fee, you can make smarter decisions when planning your next charter adventure. Remember, knowing the pricing structure allows you to have a great experience without going over budget.

APA (Advance Provisioning Allowance)

APA stands for Advance Provisioning Allowance . It’s a fund given by the charterer to cover costs during a yacht charter. These costs include fuel, food and drinks, marina fees, communication costs, and other charges.

Here’s a table that shows how the APA is distributed:

This provides transparency and smooth financial management. Plus, any funds left over are usually refunded to the charterer.

Here are some tips to effectively manage your APA:

• Plan – Estimate expenses based on duration, itinerary, and guests.
• Communicate – Share preferences with the captain or team.
• Monitor – Review and monitor expenditure.
• Prioritize – Allocate funds according to your priorities.

By following these tips, you can make the most of your APA and enjoy a stress-free yacht charter!

Extra costs and fees

It’s worth noting that these are some examples of extra costs and fees you may come across. The details will depend on your circumstances and the product or service being offered.

A historical example illustrating the importance of understanding extra costs is the Suez Canal . Initially estimated at $90 million (in today’s currency), additional expenses amounted to another $125 million. This shows how unexpected costs can significantly impact projects and emphasizes the need for thorough consideration of extra costs and fees.

Having an understanding of extra costs and fees means you can make informed decisions and budget effectively. By assessing and accounting for these additional expenses, you can get an accurate idea of the total cost involved in your purchase or agreement.

Deposits and cancellation policies

Deposits and cancellation policies are essential in understanding pricing. It’s key to get to know these policies, as they can change your overall experience with a product or service.

So, let’s look deeper into deposit and cancellation policies:

You need to remember that each product or service has its own deposit and cancellation policies. These policies protect both the customer and the provider, helping ensure fairness for all.

Being aware of these policies helps you make smart decisions. Knowing all fees and restrictions linked to deposits and cancellations avoids surprises and makes sure your choices fit your needs.

Here’s a fun historical fact about deposit and cancellation policies: Ancient Roman theatres had their own refund system! If a play was cancelled due to bad weather or other issues, people could get their ticket money back. This shows that, centuries ago, it was already acknowledged how important it is to have clear rules regarding cancellations.

Tips for Reducing Yacht Charter Costs

Yacht Charter Cost Reduction Strategies:

• Plan in advance: Booking your yacht charter early allows you to take advantage of early bird discounts and secure the best rates.
• Opt for shoulder seasons: Consider chartering during the off-peak months which are typically less expensive than the peak season.
• Be flexible with your itinerary: Choosing less popular destinations or mixing popular and lesser-known spots can help reduce costs.
• Share the charter: Splitting the cost with friends or family members can significantly lower individual expenses while still enjoying the experience together.
• Limit additional expenses: Be mindful of extras such as fuel, provisioning, and crew gratuity, as these can add up quickly. Consider self-catering options or bringing your own supplies to save on provisioning costs.
• Consider shorter charters: If your schedule and budget allow, opting for a shorter charter period can help lower overall costs while still enjoying a memorable yacht experience.

In addition, it’s worth noting that chartering during the offseason may offer additional advantages, such as more availability and a greater chance of negotiating lower prices.

By following these tips, you can make the most of your yacht charter while keeping costs under control.

Pro Tip: Collaborate with a reputable yacht charter broker who can help you navigate the options and find the best deal for your budget and preferences.

Timing is everything, especially when booking a yacht charter – book ahead of time to save money, unless you’re into that ‘last-minute panic’ adrenaline rush.

Booking in advance

Booking a yacht charter in advance is a great way to save money. This way, you can get better rates and more options. Here are the benefits:

• Discounts: Early bird reservations often have discounted rates.
• More Options: You can select your ideal yacht if you book early.
• Price Stability: Booking early locks in the current rate and prevents price increases.

Plus, booking early gives you peace of mind. You don’t have to worry about yacht availability. Here’s how to make an advanced booking:

• Plan: Research and compare yacht charter companies in advance.
• Budget: Determine your budget and allocate funds for the charter.
• Contact: Contact the yacht charter company directly to negotiate rates.

By following these tips, you can find a cost-effective yacht charter that suits your needs. So, start planning your next adventure now!

Being flexible with dates and destinations

Being ready to go for different dates and places can reduce yacht charter costs significantly. Follow this 4-step guide and make the most of flexibility:

• Think Off-peak: Opt for less busy travel periods and watch your budget. Steer clear of peak seasons and holidays, when prices are high.
• Check Multiple Destinations: Don’t focus on one place. Compare prices for various spots and find more affordable options.
• Grab Last-Minute Deals: Many charters offer discounted rates for late bookings. Flexible dates bring significant savings.
• Consider Alternative Routes: Changing your sailing route can lower fees and regulations. And that means lower costs for you.

Remember: offers and discounts vary across charters and locations. So do your research for the best deals.

Let’s look at an example of the power of flexibility in yacht charters. A group of friends dreamed of a Mediterranean trip during peak season. But the high price tag was a bummer. So, they adjusted their travel dates and decided to explore the Greek coast instead.

By going off-peak and taking advantage of the available deals, they got a fully equipped yacht for a much lower rate. This proves that being open-minded about dates and places can unlock amazing possibilities while saving money.

Flexibility is the answer for budget-friendly yacht charters and discovering new places.

Choosing the right yacht and amenities

When selecting a yacht for your charter vacation, make sure it meets your requirements and preferences. Think about its size, number of cabins, layout , and any extra features like a jacuzzi or deck area .

Also, evaluate the crew on board. Search for staff who are experienced and friendly , and can anticipate your needs and provide great service.

Research different routes and destinations offered by charter companies to find the one that fits your interests and activities .

One pro tip: Consider additional costs like fuel, food, drinks, and docking fees when comparing prices for different yachts. Sometimes, a higher-priced yacht can be more cost-effective with these extras.

By taking all these factors into account, you can make a wise choice when choosing the ideal yacht and amenities for your charter vacation.

Considering shared charters or cabin charters

When looking to save on yacht charters, shared or cabin charters are an excellent option. You can still have a luxurious experience while also spending less.

• Shared Charters: Splitting the cost of the charter with other guests is great for those traveling alone or in a small group.
• Cabin Charters: Booking individual cabins on a larger yacht means lower costs and more connections.
• Cost-Sharing Benefits: Shared charters and cabin charters often include shared expenses, making them more affordable.
• Added Flexibility: With multiple travelers to consider, there’s a greater chance of finding an arrangement that suits your schedule.

Solo travelers, couples, and small groups often opt for these options. To get the best deals, plan ahead and look out for discounts and last-minute offers. And don’t forget to share extra costs! Why not try it and have a luxe experience at a fraction of the cost?

Negotiating and communicating with charter companies

Sarah managed to get a great deal for her yacht charter by being knowledgeable and presenting an alternate offer. Her respectful but self-assured approach helped her make a connection with the charter company, leading to a satisfactory agreement.

To achieve similar results, here are some tips:

• Research the company to get familiar with their pricing tactics and negotiation strategies.
• Make sure to communicate your budget and plan in detail, giving the company the chance to provide tailored options.
• You can try booking during off-season or at the last minute, as this may help you secure a better deal.
• Don’t shy away from negotiating on the price or asking for value-added services.

Moreover, keep in mind the following:

• Ask about any hidden costs or extra fees.
• Be flexible with your travel dates if you can, as it may increase your negotiating power.
• Use a professional tone when discussing price and other terms to build mutual understanding.
• Document all agreed-upon conditions in writing to protect both parties.

Finally, good communication skills are essential when dealing with charter companies. Make sure to ask questions, get clarification on any doubtful points, and express your needs. This will make negotiations smoother and may reduce costs.

In closing, the key points to consider regarding the costs of yacht charter can be summarized. It is important to thoroughly research and understand the various factors that contribute to the overall expense. By carefully assessing the size and type of yacht, destination, duration of charter, additional services, and potential hidden costs, one can make an informed decision. Additionally, it is advisable to consult with a reputable yacht charter broker to ensure a seamless and enjoyable experience. Ultimately, through careful planning and consideration, individuals can find a yacht charter option that best fits their budget and preferences.

Moreover, it is worth mentioning that yacht charter costs can vary significantly depending on the specific requirements and preferences of the charterer. Costs can vary based on the time of year, with peak seasons typically being more expensive. Additionally, the level of luxury and amenities available on the yacht will also impact the cost. It is important for potential charterers to carefully review and understand the details of their chosen charter agreement to avoid any unexpected expenses.

Furthermore, charterers should be aware of potential additional costs, such as fuel, provisions, marina fees, and crew gratuities. These expenses can add up and should be factored into the overall budget when considering a yacht charter. Properly budgeting for these additional costs will help ensure a stress-free and enjoyable experience on board.

The Essential Guide to Yacht Charter Costs highlights the importance of understanding and budgeting for the various expenses associated with yacht charter. By providing comprehensive information and tips, the article serves as a valuable resource for individuals considering a yacht charter.

Source: The Essential Guide to Yacht Charter Costs , yachtcharterfleet.com

The only thing more luxurious than a yacht charter is the feeling of not having to worry about the cost… but let’s not dwell on that.

Recap of essential information

Let’s recap some essential info to cement our understanding. Here are 4 key points to recall:

• Firstly, be brief and omit useless details.
• Secondly, bullet points can aid readability and make facts easier to digest.
• Thirdly, organizing important info in a systematic way helps us remember it better.
• Lastly, a creative and engaging presentation can help comprehension.

Now, some fresh details that haven’t been touched upon:

• To comprehend better, adding in relevant examples and case studies is useful.
• Furthermore, visuals like graphs or diagrams can help convey complicated ideas.

And now for tips to help us retain and comprehend essential info:

• Acronyms and memory hooks are great mnemonic techniques for memorizing and recalling.
• Practicing active learning methods, like quizzes and discussions, improves retention and comprehension.

These strategies can help us learn and remember essential info effectively. Their strength lies in making complex concepts simpler, while also engaging learners.

Final thoughts and recommendations

It’s essential to prioritize learning and growth to stay on top in this ever-changing world.

Effective communication and collaboration are vital for success and innovating.

Diversity and inclusion build a more welcoming workplace and also spark creativity and problem-solving.

Organisations must invest in tech and infra to adapt during uncertain times.

These tips are not exhaustive, so tailor them to your unique needs.

Explore AI to increase productivity and streamline processes.

Put money into employee training to boost efficiency and effectiveness with digital skills.

Frequently Asked Questions

Q: How much does it cost to charter a yacht?

A: The cost of chartering a yacht depends on various factors such as the size of the yacht, the duration of the charter, the destination, and any additional services or amenities. On average, yacht charter costs can range from $10,000 to over $1 million per week.

Q: What is included in the yacht charter cost?

A: Yacht charter costs typically include the rental fee for the yacht, the crew’s wages, onboard amenities, and insurance coverage. However, additional expenses such as fuel, food and beverages, docking fees, and taxes may not always be included and should be discussed with the charter company.

Q: Are there any additional fees that I should be aware of?

A: Yes, there may be additional fees associated with yacht charters. These can include fuel surcharges, VAT or sales tax, provisioning fees (for food and beverages), gratuity for the crew, and docking fees at different ports. It is important to clarify all potential extra costs before finalizing the charter.

Q: What is the duration of a typical yacht charter?

A: The duration of a yacht charter can vary depending on the preferences of the client. Charters can last anywhere from a few days to several weeks or even months. Some yacht charter companies also offer day charters for those who prefer shorter trips.

Q: Can I bring my own food and drinks on board?

A: In most cases, you can bring your own food and drinks on board a yacht. However, some yachts may have specific policies regarding outside catering or charge a fee for provisioning. It is important to discuss this with the charter company beforehand.

Q: Are there any restrictions on where I can charter a yacht?

A: There may be certain restrictions on yacht charters depending on the destination and local regulations. Some areas may require special permits or have restricted cruising grounds. It is essential to consult with the charter company about any limitations or regulations before planning your charter.

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• Cars, Jets & Yachts

How Much Does it Actually Cost to Charter a Yacht?

From tips to APAs, we steer you through all the costs associated with private yacht charters.

By Emma Al-Mousawi

Not many things can match the glamour of yacht travel. The endless opportunities for exploration in the most luxurious of settings, as the wind blows through your hair, sounds even more alluring after a year spent indoors with feet firmly on solid ground. As we emerge from the grips of the pandemic, a private yacht charter could offer adventure seekers the perfect escape away from the crowds. And one of the most common questions amongst novice charterers is ‘how much does it actually cost to charter a yacht?’

Here at Elite Traveler, we are answering this question and more as we round up the key costs that anyone planning their first yacht charter needs to take into consideration.

[See also: The World’s Most Expensive Yachts for Charter]

What will my yacht charter rate include? 

Most importantly, there are generally two types of yacht charter: an all-inclusive charter and the more common ‘plus expenses’ charter. As suggested by the name, the cost of an all-inclusive yacht charter will include (almost) everything such as crew, food, drinks, fuel and water sports equipment (though always check as this does vary between charter companies). However, s ome all-inclusive charters won’t include dockage or mooring fees, which can soon add up – but more on that later. 

A ‘plus expenses’ or ‘separated charges’ charter is where a base price is charged for the ship and its crew, while everything else is paid for through an ‘Advance Provisioning Allowance’ (APA) before you step onboard. Prior to a voyage, guests will complete a preference sheet with their likes and dislikes, enabling the chef and service team to stock up on the guest’s favorite items. This tends to be the norm on superyacht charters as it allows for a much more tailored experience.

As well as covering food and beverages, an APA will also cover things like fuel and possibly dockage. It is usually charged at around 30% of the yacht’s base rate. According to luxury yacht brokers Northorp and Johnson , the average price paid by its customers for a week’s ‘plus expenses’ charter was around $152,000 in 2020, which would mean an APA of around $45,600 – not a small sum, so it’s definitely something to be aware of when selecting your vessel. 

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A third, less common charter is a ‘bareboat’ charter. This is a charter without a crew or provisions and only generally favored amongst experienced yachtsmen and women or those who can supply their own crew. 

[See also: How to Charter a Superyacht]

There are generally two types of charter: all-inclusive and ‘plus expenses’ / ©Burgess

Does size impact how much it will cost to charter a yacht?

The reputation of the crew, the age of the yacht and its design will all influence the price of your charter; however, the single biggest factor that will impact cost is likely to be the size: the bigger the yacht, the more you’re likely to pay. 

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For example, with leading yacht brokerage Burgess , a week’s charter in the Caribbean aboard the 163.3 ft Home starts at $245,000 . If you opt for the larger Laurentia , at 180.5 ft, the price starts at $450,000. Both yachts were built in 2017 by leading Dutch shipyard Heesen and have capacity for 12 guests, but there is over $200,000 difference in the price. Naturally, you can also expect a higher APA for a bigger ship. 

N ovice charterers might be surprised to learn that a larger yacht doesn’t automatically translate into a larger guest capacity. Most superyachts are capped at a 12 guest limit due to International Maritime Organization safety regulations.

Home is available for charter from Burgess from $245,000 per week /©Burgess

A week’s charter on board Laurentia starts at $450,000 / ©Burgess

Does the type of yacht impact the price?

The answer is yes, but to a lesser extent than size. There’s something for everyone when it comes to yachts: classic yachts (built between the 1920s and 1970s) allow you to experience old school glamour of a bygone era, whereas sportfishing yachts are nimble and offer a long-range to get you to the best fishing (or diving) spots.

Sailing yachts are a popular choice amongst boating enthusiasts, but by a long shot, the most popular charter yachts are motor yachts. These are typically what spring to mind when you picture a superyacht and (size-dependent) tend to be the most expensive type of yacht to charter, often being pricier to purchase, maintain and fuel. Explorer yachts are motor yachts designed to cope with the most extreme conditions – if you’re planning a luxury superyacht charter to Antarctica, for example, it’s likely to be aboard one of these.

Over the past decade, explorer yachts have skyrocketed in popularity amongst intrepid travelers looking for opulent adventure on the seven seas. A week onboard the world’s fastest explorer yacht, the 311.68 ft Bold , costs approximately $964,300. This also makes it one of the world’s most expensive yachts to charter, in line with what you’ll pay for chartering the crème de la crème of the more ‘conventional’ superyachts typically seen on the French Riviera, like the ultra-glamorous O’Pari . A week’s charter onboard the 312 ft O’Pari comes complete with custom artwork and DJ booth costs from $1.1m.

[See also: The Best Luxury Yacht Builders in the World]

Charter Bold from Burgess for approximately $964,300 per week / ©Guillaume Plisson

Is chartering during certain months more expensive than others?

The time of year will impact your charter price. In yachting, there are two main seasons – summer and winter – and chartering during these peak times will push up the cost. The summer season runs from May to October, with peak rates in July and August. The winter season runs from November to April, with peak rates over the Christmas holidays and into New Year. Location also dictates the price of a charter; for example, Caribbean charters are costlier from December to March whereas Mediterranean charters are at their priciest during the summer months. 

What about expenses, gratuities and other unexpected costs?

Not even a Mediterranean jellyfish has the power to sting an unassuming first-time sailor like end-of-trip expenses. 

As mentioned previously, with ‘plus expenses’ charters your APA is paid before you set sail. However, a detailed list of outgoings will be kept by the ship and if your expenses surpass the amount of your APA, you will be asked to cover the amount for the remaining charter. Saying this, it does work both ways – any unspent APA will be refunded to you. 

On both all-inclusive and ‘plus expenses’ charters, crew gratuities are not included in the yacht charter price. If you were happy with the service, the going rate is around 15 to 20% of the charter cost, so do keep this in mind. 

Depending on your charter agreement, docking fees, a charge you pay to keep your yacht in a marina or harbor overnight, may or may not be included in the cost. These can vary greatly depending on the location, time of year and the size of your yacht. Expect to pay the highest docking fees on the Mediterranean during high season with Capri and St Tropez commanding some of the steepest premiums.

Your itinerary can also affect the price, as traveling to places like Antarctica and the Arctic Circle require expensive permits. Certain destinations will also charge tax and VAT, so it is sensible to check with your broker if you’re keen on getting a cost breakdown before your trip. 

[See also: The Best Superyachts to Charter This Summer]

Emma Al-Mousawi

Latest in luxury, the explorer.

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How much do private yacht charters cost?

Have you always wanted to sail into the sunset aboard a luxurious private yacht? Does the idea of cruising across the open water, discovering secluded islands and pulling up to waterfront restaurants and beachside bars send your senses soaring? If so, it’s time to look into the option of chartering a private yacht.

Types of private yacht charters

There are two main types of private yacht charter. Much like an all-inclusive resort, an all-inclusive yacht charter includes the price of the yacht, captain and crew as well as on-board meals, beverages, harbor fees and fuel. A plus-expenses private yacht charter includes the cost of the yacht, captain and crew. Other expenses such as meals, fees and fuel are billed separately, in advance or at the end of your charter.

Costs of a private yacht charter

While the cost of a private yacht charter can seem high at first. However, if you divide up the cost between several friends, family members or couples, it can be quite reasonable as compared to other forms of entertainment like a dinner and drinks out at an upscale restaurant. Cost varies depending upon the size of the yacht , the length of the charter, how inclusive it is and how many people are taking part in the charter. For example, think about a yacht that is listed at $6,000 for a week . If you have eight people going in on the trip, the cost is $750 per person.

Most yachts, ranging from 45 to 65 feet in length, can comfortably accommodate up to 10 people. Prices and amenities can be as extravagant or as laid-back as you choose. Yachts decked out with spas, swimming pools, mahogany wood panels, expansive decks and majestic staterooms can reach upwards of $30,000 to $74,000 a day for a seven day charter. These floating resorts have crews of 18 to 30 and sleep anywhere from 12 to 34 people. If you decide to indulge in one of those, we want to see pictures.

Before you give up on your dream of sailing away on a private yacht charter , consider the possibility of boat sharing, or renting. Boat sharing sites like Boatsetter give more people access to more great boats than ever before. So grab a group and get out there.

Learn more about private yachts at yacht week!

Boatsetter empowers people to explore with confidence by showing them a world of possibility on the water. Rent  a boat,  list  your boat, or become a  Boatsetter captain  today.

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How much does a yacht charter cost? Guide on all those Extras, VAT's, Includes

Thinking about renting a yacht but the idea of all the possible «hidden costs» may scare you off? We’re here to answer all the questions and guide you through the booking process by talking about all the costs to bear in mind so you can have a yacht charter vacation of your dream and know what you’ll pay for and what’s included in the charter.

BONUS : several insights on how to save on renting a yacht and have a dream vacation come true!

How much does it cost to hire a crewed yacht?

Getting ready to book a yacht and plan your ultimate yacht charter experience can be a challenge, especially if it is your first time to have such a holiday. And even for an experienced charterer, it is time and energy-consuming to do research, make all those choices, calculations, organization.

Here at Contact Yachts , we’re happy to take care of all the processes and minimize the time and energy you spend on the activities that a professional yacht charter broker can assist with. Estimating costs is one of them.

After reading our detailed yacht charter cost guide you will know all about yacht hire pricing and have answers to the following questions:

• What is a base charter price?
• How is it formed and what does it depend on?
• What are the extras when it comes to chartering a yacht?
• What is included in the charter rate?
• What is an all-inclusive yacht charter?
• What bookings terms apply for renting a gulet?

What is a yacht charter fee and what does it depend on?

The average cost to rent a yacht may range anywhere from 5,000 Euro per week for a gulet , a sailing yacht, or a catamaran and up to 4,000,000 Euro per week for the mega yachts that are completed with elevators, pools, beach clubs, spa saloons, cinemas, helipads and even submarines.

Yacht charter prices are quoted by the week. And the cost doesn’t change whether there will be only you on a yacht or the full capacity of the yacht (6, 8, 12 guests). The exception can be observed in the Caribbean where some catamarans are priced depending on the number of guests chartering a yacht.

Example: catamaran Zingara in the Caribbean is 42,800 USD per week for 2-6 people onboard, and it is 49,100 USD per week for 10 people onboard.

A yacht charter fee is a rate you pay to hire a yacht with all equipment working in order and the crew service (navigation, cleaning, cooking, serving food and drinks by the crew) during the cruise. The rate is set by the yacht’s owner.

It also depends on various factors, such as:

• Type and size of a yacht
• Age of a charter yacht
• Destination where you want to charter a yacht
• Season when you plan to hire a boat

A charter fee may include some services, food, drinks, taxes or may include only the hire of a yacht with a crew, and that’s it.

The most significant factors that affect a yacht charter fee

• Season factor

It costs less to charter a yacht in the low season months, whereas a yacht charter in high season (the most popular months to have a yacht vacation) will be much more expensive. For example, a high season period in the Caribbean is the holiday season including Christmas and the New Year. In Europe, high season months refer to July and August.

• Yacht type factor

The yacht’s type (catamaran, motor yacht, sailing yacht, gulet), her size, manufacturer’s brand, age of a vessel, its reputation, range of water toys available onboard, types of engines, and other yacht type-related factors play an important role and affect the pricing of a yacht charter. It is generally more expensive to hire a motor yacht than a sailing yacht or a gulet as it costs more to build one than the other two types. So the more expensive it is to build a yacht, the higher her charter price will be.

• Destination factor

Prices to hire a yacht may be quite high in the cruising grounds where the fleet is very small, like Galapagos, for examples. In the meantime, in Turkey, where the largest gulet fleet can be discovered, rates to charter a classic wooden yacht are more competitive. Some countries require a local tax (VAT) to be paid on top of the charter rate, some - don’t. For example, in Greece, you will pay 12% VAT and in Montenegro - none, in Turkey the VAT is 18%.

What is included in the base charter fee and what is excluded in the yacht hire rate?

In reality, there’s no universal answer to this question. Additional expenses applicable on top of the charter fee and the «includes» are the subjects to the terms and conditions of the charter contract for a specific boat in the specific yacht destination.

In the yacht charter industry, there are several types of contracts and yacht charter types that you should be aware of, and they will outline for you all the essential information about costs.

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Crewed yacht charters can be «All-inclusive» and «Plus expenses charters».

An all-inclusive yacht charter can be seen mainly in the Caribbean. The rate for such cruises is based on the number of guests, and it includes food (three meals per day) and drinks (soft drinks, beer, wine) during the charter, usage of water sports and the fuel needed for navigation (approximately 4 hours per day), harbour fees. Some taxes and dockage can be charged extra. The contract for such charter is known as Caribbean Terms Inclusive (CTI). However, this is most common for catamarans chartered in the Caribbean. Motor yachts mostly operate on the terms where every expense is extra. This is explained in the next paragraph.

A plus expense charter is the most common type of yacht cruise. It means that the base charter fee doesn’t include any expense and it is paid additionally by the charterer. Such expenses refer to food, drinks, fuel needed for the navigation, running the generators and water sports equipment, as well as fuel for dinghy or tender, any local taxes, private marina fees, land excursions, transfers, rendezvous diving, etc. Such expenses are paid by APA (Advance Provisioning Allowance). Usually, it is 25-30% of the base charter fee depending of course on the preferences of the charterers. It means if you'd like to dine with caviar every second day and consume exclusive and rare wines, the APA could be a bit higher than it usually is. APA amount is paid before the charter via bank transfer or by cash.

The «plus all expenses» contract is also known as MYBA contract (formerly known as Mediterranean Yacht Brokers Association, and now Worldwide Yachting Association). Contact Yachts is a proud member of this prestigious yachting association. MYBA contract is indeed the most commonly used contract when it comes to yacht charter anywhere in the world.

Motor yacht OTTAWA in Croatia

Gulet MORNING STAR in Croatia

What is APA?

APA is allocated to the yacht ahead of the charter for the purpose of provisioning the yacht with the exact items required for the preparation of your meals and snacks during your charter, as well as fuel for the yacht. Should the 30% APA exceed the amount required to provision the yacht prior to the charter, and procure any additional items during the course of the charter, the excess amount is always refunded to the charterer at the end of their cruise. Of course, the opposite may also apply, where an additional amount of APA is requested so as to cover expenses. You can control charter expenses by simply staying in touch with the captain and your booking agent.

A detailed list of the various costs involved in chartering a yacht that are or not included in the charter rate

• Crew, its service and crew salaries (included in the base charter rate);
• Usage of the available water toys on board (included in the base charter rate);
• Fuel to run water toys such as Jet Ski, and the tender (not included in the base charter rate);
• Diving (in most cases is not included in the rate and must be paid extra during rendezvous diving appointment);
• Food and Drinks (can be included in the charter rate in the Caribbean or for some specific boats according to the owner’s decision, however in most cases not included and must be paid by the charterer. The products are purchased from local supermarkets and shops so you don’t pay any «added costs» and markups for the items baught - only the price that’s mentioned in the store);
• Fuel for the generators producing electricity (not included in the rate except for some gulets in the Eastern Mediterranean);

Dinner with friends onboard a gulet

• Fuel for the navigation of the yacht (not included in the rate except for some gulets in the Eastern Mediterranean and catamarans in the Caribbean. Also keep in mind if travelling at high speed when chartering a motor yacht, the yacht consumes more fuel, so the expenses will rise);
• Wi-Fi onboard (usually it is included in the charter rate, but also can be extra as well. This must be mentioned in the contract);
• Entertainment system onboard such as TV, music system, DVDs, games (included in the charter fee);
• Tips (not included in the hire rate, and is given by the charterer to the crew based on the personal decision of the guests. If so, generally, it is 5-15% from the charter fee);
• Satellite connection (not included in the hire rate);
• Harbour and dockage fees (usually not included in the hire rate);
• Private marina visits (not included in the hire rate);

Keep in mind you are not obliged to visit private marinas, and the usage of the satellite phone is only based on your need. So when you look at the break down of costs mentioned above, you can choose what to experience and what not to in order to minimize the costs. So you see as a charterer you can easily keep a track of the expenses.

• Delivery fee is charged only if a charterer decides to hire a yacht (or depart from her) from the port that’s different from the home base of a yacht;
• Laundry of the yacht’s items (bed linen, towels, sheets, table cloth) is included in the charter fee. Some yachts can do laundry of charterer’s personal items free of charge, however not often and they can’t bear responsibility for washing delicate items due to the absence of special equipment for that;
• Value Added Tax is usually not included in the charter fee and must be paid extra. For some countries it is not applicable so there’s no need for VAT. Some yachts can have VAT included in the charter rate. This depends on many various factors, and our yacht charter specialist will provide you all the accurate information about VAT for each specific boat during the inquiry process;
• Other possible extras are customs clearance fees if you sail to another country (from Turkey to Greece, for example), national park fees, land tours, excursions, guided tours, transfers, air tickets.

Motor yacht ORIENT STAR in Turkey

Gulet pricing terms

Gulets that are popular charter yachts in Turkey , Greece , Italy , Croatia usually have their own specific pricing terms different from the motor yachts, MYBA contracts, Caribbean terms.

Gulets’ usual pricing structure is as follows. The charter fee includes hire of the yacht, crew service, fuel for 4 hours of cruising per day, sometimes VAT, and fuel for the generators, onboard entertainment equipment, yacht’s laundry. Everything else is extra, as well as fuel to run water toys equipment and the dinghy. As for the food, you’re welcome to order anything you’d like before the charter and pay for the purchase of the goods, and the chef will use them to prepare meals, or there can be Full Board and Half Board options. Full board includes breakfast, lunch, dinner, and can be priced 65-85 Euro per person per day. Half board includes breakfast and a lunch or dinner (one of the two meals) and is usually priced at 50-65 Euro per person per day.

Affordable gulets for rent in Turkey for 8-16 guests

Can a yacht charter vacation be cheaper than staying in the hotel?

Sure, it can, unless of course you charter a mega yacht for up to 200,000 Euro per week and higher.

Let’s take a look at the Greek gulet HERA. Her high season rate is 14,000 Euro per week, and she can accommodate 25 guests onboard. If you are planning a corporate gathering or some special yoga charter, etc, and can bring such a group to a yacht, the cost is very low per person. We should also mention that the Half Board is included in the charter rate. So 14,000 Euro / 25 guests = 560 Euro per person per week. And it is only 80 Euro per person per day for accommodation on a yacht and 2 meals per day. Greek VAT of 12% is also included in the charter rate.

How can you get all the information about a specific yacht?

If you like a specific yacht listed on our website or you’re seeking information for the one that’s not here, contact us to get a comprehensive breakdown of her charter rates and fees.

A yacht vacation is more affordable than one may think

Now you know that vacating on a yacht for sure isn’t reserved only for the richest among us - owning a superyacht yes, but not spending a beautiful holiday onboard a charter yacht. And what’s important - you have an answer to a popular question «How much can it cost you to charter a yacht for a week or so?». At Contact Yachts , we hope this detailed guide on costs, includes and excludes is useful for you.

Transparency of the costs is essential

Our aim is for you to feel comfortable when it comes to yacht charter prices. We believe that the booking process and prices for a holiday on a yacht must be as transparent as possible. Knowing break down of the costs in advance can help to relax your mind and not thinking much about calculations and fear of unexpected things to arise.

From one side all mentioned above looks complicated, but in reality, it’s not.

How to make a yacht charter booking process easier?

Your priority is to choose a destination where you want to hire a yacht, decide which type of yacht to charter and when. The broker then sends you a list of available yachts in the specific area according to your budget and preferences, and of course, he or she mentions to your what booking terms and costs are applicable for the yachts you liked the most. So the yacht charter agent shares all the information needed for you instead of you going and doing this long research.

We are here for you

At Contact Yachts, we know it takes time to book a perfect yacht, but it’s totally worth it. Once you reach your charter yacht, you’ll feel as carefree as never before. Think of all the beautiful coastal towns and islands you’ll visit without a need for packing and unpacking. Think of all the delicious meals your personal chef will cook for you and the stewardess will set up the table, and you don’t need to do anything for that. Think of the sea that’s just one meter away from you and you can jump into refreshing turquoise water whenever you wish. Think of the silence, privacy, and intimacy of this holiday that can’t be compared to any on land experience.

How to save money on a yacht charter?

Keep in mind that it’s always possible to lower your expenses for hiring a yacht. Our experienced charter brokers will help you to avoid any additional expenses if there’s no real need in them (like avoding visiting private marinas or hiring special water toys onboard, choosing a destination without VAT, etc). At the end of the day the job of a yacht broker to protect the interests of a client and find the best possible way for the charterer to hire a yacht and have an amazing vacation.

Please, browse through our destination guide s and navigate the yachts listed in your chosen destination. You can contact us today for a specific question whether it is a yacht charter inquiry or you need assistance with planning a yachting itinerary. Contact Yachts specializes in fully crewed luxury yacht charters in any part of the world. Our company has been planning and organizing yacht vacations since 1995.

Contact one of our team members for expert help

Email: [email protected]

Telephone: +61 2 8003 4655 (Australia); +90 252 413 63 13 (Turkey); +38 095 4444 261 (Ukraine).

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[email protected] T. +90 252 413 63 13 Whatsapp +90 538 206 95 17

CONTACT YACHTS is a luxury yacht charter company that operates worldwide. Our team of professional charter brokers will assist you in renting, buying, selling or building a new yacht. We also have a concierge team to assist our clients with any VIP request related to a yachting & travel experience.

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Disclaimer: Information displayed is not contractual. Contact Yachts offers details of this vessel in good faith but does not warrant, guarantee or assume any legalibility or responsibility for the accuracy, completeness or usefulness of this information or warrant the condition of the vessel. All information is subject to change without notice. Currency conversions for comparisons purposes only, based on currency exchange rate. All particulars are believed to be correct, but cannot be guaranteed.

Yacht Charter Prices – All Inclusive vs Plus Expenses

by Sabrina Bullrich on Jan 04, 2017

One of the first things you will notice as you start to plan your yacht charter vacation is not only the price of the yacht but what else is included with the rate. There are essentially two types of pricing that are standard throughout the industry: All Inclusive and Plus Expenses. Let’s take a closer look at each pricing type, when each is used, and what is included and what is not.

All Inclusive Charters

Typical pricing on sail and motor vessels up to approx. 65 ft in the Caribbean.

All Inclusive Pricing is typically how charters in the Caribbean are priced for sailing yachts up to 65-70 feet in length. Motor yachts and larger sailing vessels use “Plus Expenses” pricing. (See below.)

What’s Included?

All Inclusive yacht charter prices always include the use of the vessel and services of the crew: a professional licensed captain and personal chef. Depending on the size and level of accommodations, there may also be a first mate and/or stewardess. The price includes meals: breakfast, lunch, late afternoon appetizers, and dinner, all prepared according to your party’s preferences. The rate also includes beverages and purified water produced by the freshwater maker onboard. The bar is normally included in the rate unless specifically noted otherwise. The “ship’s bar” includes brands and labels the crew normally keep stocked for guests. Premium wines, champagne, and top-shelf spirits are available at cost. When you complete your Preference Sheet, you’ll be able to let the crew know exactly what items your group prefers. You can request a quote for premium items not included.

Other items covered by an all inclusive rate include the fuel for the yacht and dinghy, mooring fees, all expenses related to running the vessel, and use of on-board leisure and sports equipment. 

Cruising taxes & permits may or may not be included. 

What’s Not Included? 

The customary crew gratuity of 15-20%, adjusted up or down according to the level of service received, is not included in any charter rates.

Any other services, such as airport transfers and onshore excursions.

A delivery fee may apply if you wish to charter in another cruising area offered by the yacht other than their home port. For instance, a BVI-based yacht may offer charters in St. Martin and charge a delivery fee to reposition the boat there to cover the related costs.

Half Board Meal Pricing

 A subset of All Inclusive Pricing, some yachts offer a reduced meal rate to allow guests to experience the local restaurants.  The standard half board rate includes 7 breakfasts, 4 lunches and 3 dinners. Typically, the all-inclusive rate is reduced by $150 - $200 per person per week for the Half Board meal plan.

Check out all our All-Inclusive yacht charter prices  HERE , and start searching for the yacht that most suits you and your party!

Plus Expenses Charters

Typical pricing for motor yachts and large sailing yachts in the Caribbean, and all yachts in the Mediterranean.

As with the All-Inclusive rate, the Plus Expenses rate includes the use of the vessel and services of the crew. However, all running expenses such as food, beverage & bar, fuel, dockage, permits & fees, and any other expenses for the charter, are priced separately and managed through the APA (Advance Provisioning Allowance).

The APA is an estimate based on typical expenses for the yacht and quoted as a percentage of the base charter rate (30%-40% for motor or 20%-30% for sail) and is the amount paid in advance to cover the expected (typical) expenses. The APA provides funds for the captain to purchase provisions, fuel, and supplies prior to the start of the charter. The captain keeps all receipts and a running balance of the account, so guests can review expenditures throughout the charter. Any amount not used is refunded to the guests at the end of the charter. If costs exceed the APA, then additional funds will be required prior to disembarkation.

Now that you know the differences between the yacht charter prices, what are you waiting for? Start your yacht search at  Ritzycharters.com  and find the best option for you! 

Featured Yachts

Sleeps 6 guests in 3 Cabins

Size: 50 Ft

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Size: 62 Ft

WIND CHASER I

Size: 58 Ft

RELENTLESS II 80

Size: 80 Ft

LOCATION 5.4

Size: 54 Ft

Sleeps 10 guests in 5 Cabins

Size: 85 Ft

Size: 78 Ft

SWEET EMOCEAN

Size: 116 Ft

Sleeps 10 guests in 4 Cabins

Size: 90 Ft

Sleeps 8 guests in 5 Cabins

Size: 103 Ft

How Much Does It Cost to Charter a Yacht? (Updated Prices/Rates)

• September 20, 2023

Exploring the open waters on a private yacht offers unparalleled luxury and freedom. The cost of chartering a yacht varies based on factors like yacht size, destination, and duration. 

Beyond expenses, understanding the elements influencing pricing can help in making an informed decision for your dream yachting experience. Let’s unpack these prices in this guide!

How Much Does It Cost to Charter a Yacht?

Yacht rentals encompass a broad spectrum of starting prices. Thus, charters begin at around $10,000 weekly for compact sailboats and catamarans, while the pinnacle of opulence, motor superyachts, can exceed $150,000 weekly or more.

What Are the Two Types of Yacht Charter Price Structure?

In yachting, two crewed charter options exist: “All-Inclusive” and “Plus Expenses” experiences. What do these terms entail? Let’s take a brief look to understand them better:

All-Inclusive Yacht Charters

Certain charters, particularly those for catamarans and monohulls in the Virgin Islands, provide all-inclusive pricing. This covers guests, meals, drinks, water sports, and fuel expenses. However, dockage and taxes are typically billed separately from the main rate.

Plus Expenses Charters

Larger motor yacht rates don’t cover operating costs, which require separate payment. For upscale charters, the initial cost encompasses the yacht alone. Extra expenses like food, bar, fuel, dockage, and taxes are billed independently. 

Often, these costs are covered by an Advance Provisioning Allowance (APA), which typically is 35% of the base rate, paid before the charter starts.

What Are the Different Factors That Affect Yacht Charter Prices?

Embarking on a yacht charter voyage is an exciting endeavor that promises luxury, adventure, and the thrill of exploring open waters. As you set out to plan your dream yachting experience, it’s essential to understand the various elements that influence yacht charter prices. 

From the type and size of the yacht to the destination and duration of the charter, several key factors come into play, shaping the cost of your maritime escapade.

Yacht Type and Size

The type and size of the yacht you choose are fundamental determinants of the charter cost. Yachts come in various categories, including motor yachts, sailing yachts, catamarans, and monohulls, each offering distinct features and amenities. 

Motor yachts often offer more space, speed, and modern conveniences, which can contribute to higher charter rates. On the other hand, sailing yachts and catamarans provide a more traditional sailing experience and can be an appealing option for those seeking a more relaxed pace.

Destination and Itinerary

The geographical location you intend to explore significantly impacts the charter price. Popular yachting destinations like the Mediterranean, Caribbean, and the South Pacific have varying demand levels throughout the year, influencing pricing accordingly. 

High-season periods, characterized by pleasant weather and bustling tourism, can lead to higher rates, while off-peak seasons might offer more budget-friendly options. Moreover, some destinations require longer travel distances or involve additional permits and fees, all of which can contribute to the overall cost.

Charter Duration

The duration of your yacht charter plays a pivotal role in determining the final price. Charter rates are typically quoted every week, with options for shorter or longer durations available. 

Extended charters might offer more favorable rates per week compared to shorter getaways. Moreover, some yachts may have minimum charter durations during peak seasons, so it’s essential to consider your desired travel duration when budgeting for your yacht charter.

Time of Year

The time of year you plan your yacht charter adventure can significantly affect pricing. Yachting destinations experience high and low seasons, influenced by weather patterns, holidays, and local events. 

High-season periods, often coinciding with pleasant weather and vacation periods, tend to command premium prices due to increased demand. Alternatively, opting for an off-peak or shoulder season can result in more affordable charter rates while still enjoying a delightful yachting experience.

Yacht Amenities and Services

The onboard amenities and services provided by the yacht contribute to the overall charter cost. Yachts equipped with luxurious features such as spacious cabins, gourmet kitchens, Jacuzzis, water toys, and professional crews tend to have higher base rates. 

The quality of service, crew expertise, and additional offerings can elevate the charter experience but may also add to the total price.

Crew and Staff

The crew and staff onboard play a crucial role in enhancing your yacht charter journey. The size and expertise of the crew, including captain, chef, deckhands, and stewards, can impact the cost. 

A highly skilled and attentive crew can provide exceptional service, ensuring a memorable and comfortable experience throughout your charter. While these services contribute to the cost, they often contribute significantly to the overall enjoyment of your yachting adventure.

All-Inclusive Versus Plus Expenses

Yacht charters offer different pricing structures, with “All-Inclusive” and “Plus Expenses” options. All-inclusive charters encompass costs like food, drinks, water activities, and fuel in the base price, simplifying budgeting and planning. 

Conversely, Plus Expenses charters have a base rate covering the yacht alone, with additional costs for provisions, fuel, dockage, and other expenses. Understanding the pricing model that aligns with your preferences and needs is essential for accurate budgeting.

Running Expenses and Advance Provisioning Allowance (APA)

For larger motor yachts, operating costs are often separate from the base rate. These expenses encompass food, beverages, fuel, dockage, port taxes, and more. Typically covered by an Advance Provisioning Allowance (APA), which is around 35% of the base price, these costs are paid before the charter begins. 

This approach allows for flexibility in provisioning and ensures that operational expenses are adequately covered during the journey.

Additional Costs Considerations in Charting a Yacht

Embarking on a yacht charter promises a luxurious and unforgettable experience, but it’s essential to consider not only the base charter cost but also the additional expenses that may arise during your journey. 

Beyond the initial price, there are various factors and costs to keep in mind to ensure a seamless and well-budgeted yachting adventure.

Operational Expenses

While the base charter cost covers the yacht itself, operational expenses are often separate. These expenses encompass various aspects of the charter, including fuel, provisioning, dockage, port fees, and more. 

Depending on the charter type and destination, these operational costs can vary significantly. Understanding these expenses is crucial for accurate budgeting and to ensure that you have the necessary funds to cover them.

Advance Provisioning Allowance (APA)

For larger motor yachts, operational expenses are often covered by an Advance Provisioning Allowance (APA). This allowance, typically around 35% of the base charter price, is paid upfront before the charter begins. 

The APA serves as a fund that the crew uses to cover expenses throughout the journey, such as food, beverages, fuel, and other operational costs. Any remaining funds from the APA are usually returned to you at the end of the charter. 

Clear communication with the yacht’s crew regarding APA usage is essential to manage expenses effectively.

Crew Gratuity

While crew gratuity is discretionary, it’s customary to reward the hard work and exceptional service provided by the yacht’s crew. The recommended gratuity amount usually ranges from 10% to 20% of the base charter price. 

The gratuity is typically given to the captain, who then distributes it among the crew members. Expressing your appreciation for the crew’s efforts through gratuity ensures a positive rapport and acknowledges their dedication to making your charter experience memorable.

Food and Beverages

For charters that operate on a “Plus Expenses” basis, provisioning for meals and beverages is an important consideration. Discuss your culinary preferences and dietary restrictions with the yacht’s chef before the charter to ensure that your needs are met. 

The cost of food and beverages can vary based on your preferences, the number of guests, and the duration of the charter. Incorporating this aspect into your budgeting allows you to enjoy delectable meals without unexpected financial surprises.

Water Toys and Activities

Many yachts offer a range of water toys and recreational activities to enhance your charter experience. These can include jet skis, paddleboards, snorkeling gear, fishing equipment, and more. 

While these amenities provide entertainment and excitement, they may come with an additional cost. Inquire about the availability and pricing of water toys and activities in advance to plan for any desired experiences.

Berth and Port Fees

When visiting different ports and marinas during your charter, you may encounter berth and port fees. These fees are associated with mooring the yacht in specific locations and can vary depending on the destination and the amenities offered by the port. 

Being aware of these fees and including them in your budgeting ensures that you’re prepared for any unexpected costs that may arise during your journey.

What Are the Different Types of Yachts?

Embarking on a yacht charter opens up a world of luxury and adventure, with a range of yacht types to choose from. Each type offers unique features, amenities, and sailing experiences. 

Understanding the various types of yachts available can help you select the perfect vessel for your dream maritime journey.

Motor Yachts

Motor yachts are known for their speed, power, and luxurious features. These yachts are equipped with powerful engines that allow for swift and comfortable cruising. Motor yachts offer spacious interiors, state-of-the-art amenities, and ample deck space for relaxation and entertainment. 

With a focus on comfort and convenience, motor yachts are ideal for those who prioritize a smooth sailing experience and desire modern luxuries.

Sailing Yachts

Sailing yachts provide a classic and elegant way to explore the open waters. Driven by the wind, these yachts offer a serene and graceful sailing experience. Sailing enthusiasts often appreciate the traditional aspect of these vessels and the opportunity to engage in hands-on sailing. 

Sailing yachts come in various sizes, from smaller vessels perfect for intimate charters to larger yachts with multiple cabins for group travel.

Catamarans are characterized by their twin hulls, offering enhanced stability and spacious interiors [ 1 ]. These yachts are known for their comfort, especially when at anchor, and are popular choices for families and groups. 

Catamarans often have multiple cabins, spacious living areas, and outdoor lounging spaces, making them ideal for those seeking a relaxed and sociable charter experience.

Monohull yachts feature a single hull, offering a traditional and authentic sailing experience. These yachts are known for their graceful lines and timeless charm. While they may have slightly less interior space compared to catamarans, monohulls excel in their sailing performance and agility, making them a favorite among sailing purists who appreciate the art of navigating the waters under wind power.

Superyachts

Superyachts epitomize luxury and opulence. These massive vessels often exceed 100 feet in length and feature a plethora of amenities, including multiple decks, swimming pools, Jacuzzis, helipads, and more. 

Superyachts can accommodate larger groups and are often equipped with a crew to cater to every need. While the charter rates for superyachts are typically higher, the level of luxury and extravagance they offer is unmatched.

Expedition Yachts

Expedition yachts are designed for those seeking off-the-beaten-path adventures. These rugged vessels are equipped to explore remote destinations and endure challenging conditions. 

Expedition yachts combine the comforts of a luxury yacht with the capability to navigate through polar regions, remote islands, and exotic locales. If you’re an adventurer at heart, an expedition yacht can provide you with the opportunity to explore uncharted waters and experience the thrill of discovery.

Classic Yachts

Classic yachts evoke a sense of nostalgia and history. These yachts often have elegant lines, rich wooden interiors, and a timeless charm that harks back to a bygone era of yachting. 

While they may not boast the same modern amenities as newer yachts, their unique character and craftsmanship make them a favorite among those who appreciate the vintage allure of sailing.

Is Chartering a Yacht Worth It?

Chartering a yacht offers an unparalleled experience of luxury, freedom, and exploration on the open waters. The opportunity to tailor your journey, enjoy personalized service, and discover unique destinations makes yacht charters a remarkable investment in memorable experiences. 

While the cost can vary, the chance to escape the ordinary, indulge in stunning surroundings, and create lasting memories with friends or family often makes chartering a yacht well worth the investment for those seeking a truly extraordinary vacation.

In the world of yacht charters, costs vary based on factors like yacht type, destination, and services. Understanding these elements helps in budgeting and making informed decisions. Whether seeking relaxation or adventure, clear cost considerations lead to a tailored yachting experience within your means.

Noah Miller

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Charter a Sailboat: Cost, Prices, and Expenses Explained

Alex Morgan

Chartering a sailboat provides a unique and memorable experience of exploring the open waters at your own pace. The cost of chartering a sailboat can vary significantly depending on several factors. Understanding these factors and the different types of sailboat charter options available is essential for planning and budgeting your sailing adventure.

When it comes to the cost of chartering a sailboat, various factors come into play. The length of your charter, the size and type of the boat, the location and destination, and any additional services and amenities you require all affect the overall cost. A study conducted by Sailo, a leading boat rental marketplace, states that these factors can influence the cost of chartering a sailboat significantly.

There are different types of sailboat charter options available to suit your preferences and level of experience. The three main types include bareboat charter, skippered charter, and crewed charter. Each option varies in terms of the level of responsibility and support provided, with crewed charters offering the highest level of comfort and service.

To determine the cost breakdown of chartering a sailboat, it’s important to consider the base charter fee, which covers the rental cost of the boat itself. a security deposit may be required, which is refundable upon the safe return of the boat. It’s also essential to factor in additional expenses such as fuel, provisioning, mooring fees, and insurance.

Finding the best deals and discounts for sailboat charters can help reduce costs significantly. Shopping around, comparing prices, and booking during the off-peak season can often result in better rates. Some charter companies may offer promotions or last-minute deals , so staying updated and flexible with your travel plans can be advantageous .

For those on a tight budget, there are ways to make sailboat chartering more affordable. Opting for a smaller boat, chartering during the shoulder season, and considering shared charters or flotillas can help reduce costs. It’s also wise to plan and budget for additional expenses, such as meals and activities, to avoid any surprises.

Key takeaway:

• Chartering a sailboat offers the flexibility to explore various destinations and enjoy a unique sailing experience.
• The cost of chartering a sailboat depends on factors such as boat size, season, location, and additional services.
• There are different types of sailboat charter options available, including bareboat, skippered, and crewed charters.
• The cost breakdown of chartering a sailboat includes the base charter fee, security deposit, and additional expenses.
• To find the best deals and discounts, it’s advisable to research and compare prices from different charter companies.
• Tips for budget-friendly sailboat charter include booking during the off-season, opting for a smaller boat, and considering shared charters.

Factors That Affect the Cost of Chartering a Sailboat

When it comes to chartering a sailboat, the cost can vary depending on a few key factors. In this section, we’ll uncover the elements that influence the price of chartering a sailboat. From the size and type of the vessel to the season and duration of your trip, we’ll explore how these aspects play a role in determining the cost. We’ll delve into the impact of the location and destination, as well as any additional services and amenities you may opt for. Get ready to set sail and discover what affects the price of your dream sailboat charter !

Boat Size and Type

When choosing a sailboat for chartering, consider your needs and preferences. Smaller boats, like catboats and daysailers ( 17-22 feet ), offer an intimate and agile experience. For more space and comfort, sloops and weekenders ( 23-27 feet ) are suitable options. Cruisers and cabin sailboats ( 28-32 feet ) provide extra amenities and room for overnight stays. Midsize cruisers ( 33-37 feet ) offer a good balance of space and maneuverability. Large cruisers ( 38-45 feet ) provide even more luxury and spaciousness. For ultimate luxury, choose a luxury yacht ( 46+ feet ). Your choice of sailboat depends on your specific desires and requirements for your chartering experience.

Season and Duration

The season and duration are key factors to keep in mind when chartering a sailboat. During popular seasons like summer or holidays, the demand for sailboats increases, resulting in higher charter costs. In addition, longer durations of sailboat charters tend to be more expensive compared to shorter periods.

The cost of chartering a sailboat can vary depending on both the season and duration . For example, chartering a sailboat during the peak summer season may cost approximately 20% more compared to the off-peak season. Likewise, a week-long charter may cost approximately 30% more than a weekend charter.

Certain charter companies provide discounts for off-peak seasons or longer durations. For instance, you might come across a 10% discount when booking a sailboat charter during the shoulder season or a 15% discount when booking a charter for two weeks or more .

To secure the best deals and save money on sailboat charters, it is advised to consider booking during shoulder seasons . It is recommended to keep an eye out for special promotions and discounts offered by charter companies. Planning your trip in advance and maintaining flexibility with your travel dates can also aid in finding better deals.

When deciding on the season and duration for chartering a sailboat, it is crucial to align your budget and personal preferences . Whether you opt for the peak or off-peak season , and whether you choose a longer or shorter duration , ensure that it aligns with your desired experience and financial goals.

Location and Destination

When choosing a sailboat charter location, consider the following factors:

• Accessibility: Choose a location easily accessible to you and your group, considering proximity to airports or transportation hubs.
• Weather: Research destination weather conditions during your planned trip for favorable sailing conditions and seasons.
• Scenery: Select a location with picturesque landscapes and scenic routes to enhance your sailing experience and provide beautiful views.
• Water conditions: Consider water conditions such as currents, tides, and waves. Opt for calm waters if you’re a beginner or seeking a relaxed sailing experience.
• Attractions and activities: Look for a destination with a variety of attractions and activities on land and at sea to ensure a memorable and enjoyable vacation.
• Infrastructure and services: Check if the destination has adequate marinas, facilities, and services for sailboat charters. Ensure access to necessary supplies and support during your trip.

Fun Fact: The Caribbean, with its turquoise waters and stunning islands, is a popular destination for sailboat charters.

Additional Services and Amenities

When chartering a sailboat, you have the option to choose additional services and amenities . Here are some options to consider:

• Crewed services: Opt for a crewed charter for a relaxed and luxurious experience. Professional crew members, such as a captain, chef, and deckhands, will take care of everything from navigation to cooking .
• Provisioning: Save time and effort by using provisioning services to pre-order groceries and supplies for your trip.
• Water Toys: Enjoy additional amenities like paddleboards, kayaks, snorkeling gear, and jet skis for your sailing adventure.
• WiFi and Entertainment Systems: Stay connected or enjoy entertainment onboard with sailboats that offer WiFi connectivity, TVs, and audio players.
• Dinghy and Outboard Motor: Explore islands and anchorages away from your sailboat with convenient transportation using a dinghy and outboard motor .
• Cooking and Barbecue Equipment: Enjoy cooking your meals onboard with a well-equipped galley and barbecue equipment .

Consider your preferences, needs, and budget when choosing additional services and amenities for your sailboat charter. These extras can enhance your sailing experience, providing convenience, comfort, and enjoyment during your trip.

Types of Sailboat Charter Options

When it comes to chartering a sailboat, the options can be as diverse as the open sea. From bareboat charters to skippered and crewed charters , each option brings a unique experience to sailing enthusiasts . Let’s discover the different types of sailboat charter options and what sets them apart. Whether you’re looking for the freedom to navigate on your own or prefer the luxury of a fully staffed vessel, there’s a charter option that will suit your seafaring desires. So, get ready to set sail and explore the possibilities!

Bareboat Charter

A bareboat charter is a type of sailboat rental where you are the captain and responsible for navigating and sailing the boat yourself. Important factors to consider when choosing a bareboat charter include:

– Experience: Prior sailing and navigation experience is important before opting for a bareboat charter. You should be comfortable with handling the boat, understanding navigation charts, and maneuvering in different weather conditions.

– Licensing and certifications: Some charter companies may require a valid sailing license or certification to rent a bareboat. Make sure you meet these requirements before booking.

– Insurance: It is advisable to have adequate insurance coverage for the boat in case of damages or accidents during your bareboat charter. Check with the charter company for specific insurance requirements.

– Provisions and supplies: As the captain, you are responsible for bringing your own food, drinks, and other necessities for the duration of the bareboat charter. Make a list and plan accordingly.

– Safety equipment: Ensure that the bareboat is equipped with necessary safety equipment such as life jackets, flares, fire extinguishers, and first aid kits. Familiarize yourself with the location and operation of these items before setting sail.

During my bareboat charter in the Mediterranean, I had the opportunity to explore stunning coastal towns and secluded beaches at my own pace. The sense of adventure and freedom was unparalleled as I navigated the crystal-clear waters and experienced the thrill of sailing firsthand. It was an unforgettable experience that allowed me to connect with nature and create cherished memories with my friends and family.

Skippered Charter

A skippered charter is a great option for a stress-free sailing vacation. The professional skipper takes care of all sailing responsibilities, allowing you to relax and explore beautiful destinations. The skipper enhances your sailing experience by providing valuable insights and recommendations. Consider boat size, type, charter duration, and location when choosing a skippered charter. Discuss your preferences with the charter company to ensure the right skipper is paired with you.

Crewed Charter

When considering a crewed charter for sailboats, it is important to keep in mind the following factors:

1. Experienced Crew: A crewed charter involves a professional crew who handles all aspects of sailing, including navigation, maintenance, and cooking. Having an experienced crew ensures a safe and enjoyable journey.

2. Personalized Service: When you opt for a crewed charter, you can expect personalized service that is tailored to your preferences. The crew will cater to your needs, from organizing activities to preparing meals, and even suggesting the best spots for snorkeling or sightseeing.

3. Luxury Amenities: Crewed charters often offer luxurious amenities such as spacious cabins, ensuite bathrooms, and well-equipped kitchens. You can indulge in the comfort and convenience of a fully crewed yacht.

4. Flexibility and Freedom: One of the advantages of a crewed charter is the flexibility it offers. The crew will work with you to create an itinerary that suits your preferences, allowing you to explore destinations at your own pace.

5. Exceptional Dining Experience: On a crewed charter, you can enjoy an exceptional dining experience. The crew prepares delicious meals using fresh and local ingredients. You can delight in exquisite cuisine onboard while taking in the beautiful surroundings.

Cost Breakdown of Chartering a Sailboat

Looking to embark on a sailing adventure? Let’s dive into the cost breakdown of chartering a sailboat! From the base charter fee to the security deposit and additional expenses, we’ll uncover the financial aspects of your dream voyage. Get ready to set sail as we explore the nitty-gritty details of each sub-section, giving you a comprehensive understanding of the expenses involved in chartering a sailboat. It’s time to plan your perfect maritime getaway!

Base Charter Fee

The base charter fee is a significant cost when chartering a sailboat. It is the initial fee to rent the boat without any extra services or amenities. The cost of the base charter fee varies based on boat size, boat type, season, charter duration, location, destination, and level of luxury or comfort provided.

To give an idea of the base charter fee , here is a sample table:

In this example, the base charter fee for a 40-foot sailing yacht is $2,500, while for a 45-foot catamaran, it is $4,000. Note that these are sample prices and actual rates may vary based on the charter company, location, and other factors.

It is important to know that the base charter fee does not include additional expenses like fuel, provisioning, marina fees, or optional extras. These costs should be considered when planning a sailboat charter.

When comparing different charter options, consider the base charter fee along with any additional costs to understand the total price for your sailboat charter experience.

Security Deposit

When chartering sailboats, it is common for the company to require a security deposit as a precautionary measure against potential damages. It is important to keep the following points in mind:

• The amount of the deposit will vary depending on the size and type of sailboat. Larger and more luxurious boats may require a higher deposit.
• If there are no damages to the boat during the charter period, the deposit will be fully refunded .
• Before setting sail, thoroughly inspect the boat and make a note of any pre-existing damages to avoid being held responsible.
• In the event that damages occur during the charter, the cost of repairs will be deducted from the security deposit. It is crucial to promptly report any damages.

To ensure a stress-free charter experience, consider the following tips:

• Take the time to carefully read and understand the terms and conditions of the charter agreement regarding the security deposit.
• Capture detailed photographs of the boat before and after the charter as evidence of its condition.
• If there are any damages or issues, communicate them to the charter company immediately.
• In order to increase the likelihood of receiving a full security deposit refund, return the boat in its original condition.
• Make sure that you have sufficient funds available on your credit card to cover the security deposit until the end of the charter.

Additional Expenses

When chartering a sailboat, it’s crucial to take into account the additional expenses. These expenses encompass fuel costs, mooring fees, provisioning, and optional extras or activities. Let me break down the typical additional expenses for you:

– Fuel: The cost of fuel can range from $200 to $500 or even more.

– Mooring Fees: Expect to pay around $20 to $100 or more per night for mooring fees .

– Provisioning: Plan on spending anywhere from $200 to $500+ on provisioning expenses.

– Optional Extras: The cost of optional extras varies depending on the service provided.

The fuel costs will vary depending on the distance you intend to travel and the type of sailboat you choose. Mooring fees are typically charged by marinas or anchorages and vary depending on the location. Provisioning covers the expenses for food, drinks, and supplies needed for your trip. Optional extras may include activities like snorkeling, scuba diving, or hiring a skipper.

Make sure to factor in these additional expenses when budgeting for your sailboat charter. By planning ahead and considering all potential costs, you can ensure a smooth and enjoyable sailing experience without any surprise expenses.

In the past, sailors had to carefully manage their expenses during long voyages. They had to allocate funds for food, repairs, and other unforeseen costs. Similarly, when you charter a sailboat today, it’s essential to take into account the additional expenses that may affect your budget. By keeping these costs in mind and planning accordingly, you can make the most of your sailboat charter and create lasting memories.

How to Find the Best Deals and Discounts

To find the best deals and discounts when chartering a sailboat, follow these tips on how to find the best deals and discounts:

1. Research multiple charter companies and compare prices and offerings to find the most competitive deal.

2. Consider booking during off-peak seasons when prices are often lower. For example, in the Caribbean, prices tend to be more affordable during hurricane season.

3. Stay flexible with your travel dates to take advantage of any last-minute deals or discounted rates.

4. Sign up for newsletters or follow charter companies on social media to stay informed about any special promotions or discounts they may offer.

5. Inquire about group discounts or special rates for larger parties if you’re traveling with a group.

6. Booking in advance can often result in securing better rates and availability, even though last-minute deals may be appealing.

7. Look for discounted rates during the shoulder seasons, which are the periods just before and after the peak season.

8. Inquire about loyalty programs or repeat customer discounts that charter companies may offer.

By following these guidelines, you can increase your chances of finding the best deals and discounts when chartering a sailboat.

Tips for Budget-Friendly Sailboat Charter

When planning a budget-friendly sailboat charter, here are some tips for saving money and enjoying a great sailing experience.

• Choose an off-peak season for your charter. Prices for sailboat charters vary depending on the time of year. By selecting a less popular time, you can find better deals and lower prices.
• Share the charter with a group. Splitting the cost with friends or family can significantly reduce the individual cost for each person.
• Research and compare prices from different charter companies. Take the time to shop around and find the best deal for your budget.
• Opt for a smaller or older sailboat . Larger and newer boats come with a higher price tag. Choosing a smaller or older boat can save you money without sacrificing the sailing experience.
• Bring your own provisions . Consider bringing your own snacks and meals instead of relying on onboard catering services to save on food expenses.
• Be flexible with your destination . Some sailing destinations have higher charter prices. By being open to different locations, you can find more affordable options.
• Book in advance . Many charter companies offer early booking discounts. By planning your charter well in advance, you can secure a lower price with special offers.

Some Facts About How Much Does It Cost To Charter A Sailboat:

• ✅ Renting a sailboat can be expensive, with costs varying depending on factors such as boat type, destination, season, and additional expenses. (Source: Our Team)
• ✅ The price of a yacht charter is determined by the type of boat, charter destination, base cost, taxes, insurance, and more. (Source: Our Team)
• ✅ Motor yachts are the most popular and offer a range of amenities, but they use more fuel and can be more expensive. (Source: Our Team)
• ✅ Sailing yachts provide a more relaxing experience and are great for couples, while catamarans offer more space and stability. (Source: Our Team)
• ✅ The charter destination also affects the cost, with popular locations like the Mediterranean and the British Virgin Islands having lower prices due to competition. (Source: Our Team)

Frequently Asked Questions

How much does it cost to charter a sailboat.

The cost of chartering a sailboat can vary depending on factors such as the charter destination, size of the boat, time of year, and base cost. On average, the weekly cost can range from $10,000 to $500,000, with larger motor yachts being more expensive.

What factors influence the total cost of a yacht charter?

Several factors influence the total cost of a yacht charter, including the type of boat, charter destination, base cost, taxes, insurance, and additional expenses. The charter destination and season can also impact the price, with popular locations and off-peak seasons offering lower prices due to competition.

Is it cheaper to charter a yacht compared to a land-based vacation?

Yes, yacht charters can offer great value compared to other types of vacations. The total cost of a charter is often cheaper than a land-based vacation, as it includes accommodation, food, drinks, and amenities. For example, a crewed catamaran charter in the Caribbean can be a better deal than a 5-star resort, with all-inclusive pricing.

Can I get discounts on yacht charters?

Yes, there are opportunities to get discounts on yacht charters. Charters during the off-season often come with discounts, and last-minute deals can be found if there are unchartered boats available. It’s recommended to work with an independent Charter Broker, who can source the most suitable yacht for your group and negotiate the best price on your behalf.

What additional expenses should I consider when estimating the cost of a yacht charter?

When estimating the cost of a yacht charter, it’s important to consider additional expenses such as fuel, food, drinks, taxes, insurance, crew gratuity, and the Advanced Provisioning Allowance (APA). The APA covers running expenses and is paid before the charter. Taxes and insurance fees are usually paid separately, and crew gratuity is recommended at 15-20% of the base charter rate.

What is the advantage of chartering a sailboat with friends?

Chartering a sailboat with friends can be a cost-effective option. The price per couple is reasonable compared to securing multiple hotel rooms or suites. For example, a group of 4 couples can split the cost of a charter in the British Virgin Islands, making it an attractive option. Chartering with friends provides the complete freedom to explore different gorgeous settings and enjoy activities like water sports together.

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Buying a yacht for private use is a great investment - in your future adventures, in your new lifestyle, in your mental and physical well-being. You get to explore the unexplored, spend quality time with your friends and family, or party like a celebrity. It's an experience of a lifetime and a dream come true for many.

However, even though you try your best to maximize your time on board, there are still weeks or even months when the boat’s unused and the crew ‘underutilized’. When your boat is just sitting in the marina, it’s just costing you money. 

That’s why you should consider putting your yacht in a charter fleet. It can not only offset your expenses but even generate profit. Most importantly, it guarantees that your yacht is fully maintenanced and in top shape for when you decide to set sail on another vacation.

Chartering your own yacht is a great way to earn money off your investment. (Image source: Shutterstock)

The benefits of chartering your yacht

Chartering your yacht is a great strategy for making some money off your yacht when you’re not using it. But there are also a number of other advantages - here are the main ones:

Reduced operational costs & additional income

A busy charter yacht can cover a significant portion of your operating expenses such as dockage, maintenance, insurance, and other incidentals. Additionally, charter yacht ownership produces an income that you otherwise as a private owner wouldn’t have, providing a faster return on the investment.

Increased yacht reputation and value

A yacht that is marketed for charter has a better market profile. On top of that, If the yacht is active and has a proven success record of providing high quality experience to its clients, it will attract both charter guests and potential buyers in the future. In the long run, chartering is a sound strategy for increasing your boat’s value which would otherwise depreciate with time.​

The yacht stays in top-notch condition 

It may sound counterintuitive but yachts that are part of the charter fleet are usually more regularly and better maintained. Frequent cosmetic and mechanical maintenance that chartering requires can extend the life of your yacht and preserve its resale value.

More experienced boat crew

Charter yachts attract the best caliber of crew that will maintain their service at the highest industry standard. That also means you can enjoy the same quality of service whenever you decide to use it for personal plans.

Charter yachts require frequent maintenance. An experienced yacht crew will keep the yacht in top-notch condition. (Image source: Shutterstock)

Earnings and expenses

As a yacht owner, you can definitely earn a profit by chartering your yacht and offset your costs. Here’s the breakdown:

The price of the charter depends on the market, the size, model, condition of your boat, the number of cabins, etc. The expenses which you must take into account as the boat owner include: 

• registration
• ship maintenance
• crew salaries
• charter equipment (water toys, bed linen, towels, shampoos, etc.)
• professional photography 

Charter yachts which provide a wide selection of water toys are often booked better.   (Image source: Shutterstock)

Even though there are many factors that influence the boat price, we at Magnum always try to set a competitive price that’ll make you stand out on the yacht charter market.  See the prices for the luxury yachts in our fleet here.

How many weeks can I charter my yacht?

For luxury yachts, you can expect your yacht to be booked for a minimum of 6-12 weeks a year, depending on the season.

The average number of weeks is higher for chartering sailboats and catamarans, usually about 14-20 weeks.

What to expect of a yacht charter management company? 

With the right agency for yacht charter management , you can reap all the benefits of chartering your own yacht - offset operational costs, keep your crew sharp and your boat in top shape, as well as build a brand reputation. 

The role of such a company is to provide consulting, support and help you achieve maximum booking through thoughtful promotion. 

Here’s how that works in the example of Magnum:

Once a yacht owner decides to partner with our agency, we both sign the Central Booking Agreement. It states the rights and obligations of the owner, as well as the rights and obligations of us as a central agency. In it we also define the price list according to which the charter service for a particular vessel will be charged. 

The agreement can be signed for a definite period (1 year) or for an indefinite period and can be terminated via written notice (from either party).

Bookings, promotion & payments

Once we sign the Central Booking Agreement with the boat owner, we focus all our efforts on promotion and positioning the boat on the market. It takes some time for the yacht to become "recognized" on the market but since we have access to a large global booking system through which we receive inquiries (YACHTFOLIO), this process doesn’t take too long.

A central agency for yacht charter management will help you to achieve more bookings through top yacht promotion. (Image source: Shutterstock) 

After receiving an inquiry from a potential client, we send them a detailed offer with the price and presentation materials (brochure, crew profile, etc.), to give them a complete and better impression of the yacht. If the client confirms the booking, we sign the MYBA contract. The contract is signed by all the parties involved in the booking process - the client (charterer), broker, stakeholder and the yacht owner. 

Payment to the yacht owner is made in such a way that half of the amount to be paid to the owner is paid on the day of the boarding, and the remaining amount on the day of unloading (or the first working day, if unloading day is during the weekend).

The responsibilities of the yacht owner 

If you decide to charter your yacht, here’s what’s expected of you as the owner:

• During the term of the Central Booking Agreement, the yacht owner is not allowed to enter a business partnership with another yacht charter agency and is obliged to refer all agents who may contact him to his central agent.   
• The yacht owner mustn’t promote his yacht independently or without the consent of his central agent.  
• The owner must deliver professional photographs of the boat to the agency.   
• The owner is obliged to invoice his charters in accordance with the regulations of the Republic of Croatia.  
• The yacht owner is obliged to ensure the registration of the vessel and to have valid insurance policies.  
• The yacht owner must provide other documentation and take actions that precede the provision of accommodation services on board.  
• The yacht owner is obliged to provide an adequate crew in accordance with the size of the boat and the uniforms for all crew members.  
• The yacht owner is obliged to sign the charter agreements on time and report any problems or delays to the agency as soon as possible.  
• The boat must be adequately prepared for chartering - that includes cleaning, equipment procurement, as well as accommodation, uniforms & training for the crew members.  
• The yacht owner must have a registered company and be able to issue invoices.  

Why choose Magnum as your yacht charter management company?

Since we were founded in 2004, we’ve been recognized as one of the most highly qualified yacht charter companies in Croatia, with the fastest-growing fleet in the country. As members of the Mediterranean Yacht Broker Association, we maintain our business at the highest standards of professionalism and ethics. 

We are well established in the yachting community: our agency is a YACHTFOLIO subscriber and collaborates with a large number of both global and local clients, as well as partner agencies.

Our team of experts have the know-how and the experience to ensure that your yacht reaches its full charter potential - that means maximizing the number of bookings and subsequently, revenue. We fully devote ourselves to each yacht owner and have an ‘all-hands-on-deck’ approach to supporting you.

If you would like to charter your yacht through our agency, feel free to contact us here . 

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Yacht Charter Contracts

A comprehensive guide to understanding charter paperwork

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By Editorial Team   26 January 2023

Like anything else in life, it is important to have a contract in place to set out any rights, obligations and cancellation policies. The charter contract is designed to cover every eventuality, providing peace of mind for both you and the yacht owner, and includes all pertinent information relating to the yacht charter ; such as dates, locations, payment structure and insurance. Read on for a comprehensive guide of what to expect from your yacht charter contracts.

In this article:

What is a charter contract?

What do they cover, don’t be afraid to speak up, types of contract used, myba charter agreement, caribbean terms inclusive (cti), standard eastern mediterranean terms (semt), greek terms (gt), bespoke agreement addendums, non disclosure agreements, cancellation, need more advice.

A charter contract is a comprehensive and legally binding document designed to protect both the charterer and the yacht owner, which sets out the rights and obligations for both parties. The standard yacht charter contract has been developed and amended over the years to cover as many eventualities as possible, and has proved a fair and equitable agreement for all parties involved.

All yacht charter contracts will include the following details;

• Start and end ports
• Charter duration
• Maximum number of guests sleeping and cruising
• Cancellation policies
• Payment structure
• Insurance details

For most standard yacht charter contracts the following items are typically inclusive of the base charter fee;

• Hire of the yacht, including all water toys and equipment (in full working order)
• Wages and food of the crew for the duration of the charter
• Ship’s laundry
• Insurance cover for marine risk and third party claims

The main differences in terms of expenses between the various contract agreements tend to be whether or not they include food or fuel.

It is essential that charterers have a full understanding of the yacht charter contract and how they will be affected by it, therefore they should take the time to read it and familiarise themselves with the content.

It is important to speak up should you have any questions regarding the contract or are unsure as to how the payment structure is applied or how costs are calculated.

Yacht charter brokers are experts in this field and very familiar with the different types of yacht charter contracts used, and will be happy to discuss any queries you have or clarify any complex terms or clauses, so don’t be afraid to ask.

The contract used is typically specified by the yacht and the choice of contract can be influenced by the size of vessel and location within which it is operating.

There are a number of standard contracts used by the yachting industry. The most common ones are;

• Mediterranean Yacht Brokers Association terms (MYBA)
• Caribbean Terms Inclusive (CTI) and 

Most yacht charters operate using MYBA terms, which is the industry standard that has been adopted worldwide.

MYBA – the Worldwide Yachting Association – developed their MYBA terms (formerly known as Western Mediterranean Terms) in conjunction with industry professionals, such as coastguards, lawyers and the International Maritime Organisation (IMO), and has since become the gold standard for yacht charter contracts globally.

Often referred to as a "plus all expenses" agreement, under the terms of a MYBA contract expenses such as food and drinks for the guests, fuel (including for main engines, tenders and jet skis), personal laundry, communication costs and berthing fees are charged on top of the base charter fee. 

This may seem unfair at first glance, however this provides for an à la carte approach for guests, where only expenses incurred during a yacht charter are charged at cost with no mark-up. This makes sense in places like the Mediterranean which boasts an abundance of spectacular dining options, including myriad Michelin-Starred restaurants, where guests will regularly eat ashore.

Advanced Provisioning Allowance (APA)

In order to make the payment structure coherent for guests, the additional expenses for the charter party will generally be covered by the  APA , paid from an escrow acccount set up prior to embarking, and often equates to approximately 25-30 percent of the base charter fee. 

For more in-depth information about the APA and costs in general, please read the guide below, which offers a comprehensive breakdown of the costs involved on a yacht charter.

Caribbean Terms Inclusive are also commonly used within the charter industry, particularly for smaller vessels venturing to the Caribbean . Also known as Standard Caribbean Terms, CTI terms are often described as “mostly all-inclusive”. 

As well as the items included in the base charter fee outlined above, CTI terms also generally include the following:

• Three meals per day 
• Fuel for four hours of cruising per day

Some drinks may be included, however premium beverages such as expensive wines and Champagne will be charged as an additional expense. Further fuel costs will also be applicable over the four hours (including for tenders and jet skis etc.), plus berthing fees and communication costs.

Although MYBA and CTI are the most commonly used contract terms, there are other yacht contracts which charterers may come across when booking a yacht rental, which are often dependent on the size of the yacht and where the yacht is travelling to.

As the title suggests, this type of contract is generally only used for yacht charters around the East Mediterranean , and operates much the same conditions as CTI, however where CTI covers three daily meals, SEMT will only provide breakfast and lunch on the basis that guests are likely to eat ashore most evenings. These terms also include harbour and berthing fees.

The charterer will be required to cover any additional fuel costs, food (evening meal), beverages, personal laundry, communication costs and any berthing fees outside the agreed cruising area.

National and/or local taxes may also be applicable.

Greek Terms are sometimes used for smaller yachts chartering around  Greece and operate in much the same way as MYBA terms, with the exception of harbour and berthing fees within Greek waters which are included under the GT agreement.  

Addendums are used to add terms or make changes to a contract without invalidating the original document, for example changing the yacht charter location after the contract has been finalised.

Addendums can grant a certain amount of flexibility when negotiating terms between the charter broker and the yacht owner or their management company, and must be agreed and signed by both parties, as well as the yacht charter broker.

Force majeure provisions

During 2020-2022, COVID-19 affected all areas of commerce worldwide, and luxury yacht charters were no exception. Despite the recent relaxation of rules, the number of cancellations incurred as a result of the pandemic acted as a wake-up call for the industry, as well as yacht brokers and their prospective charter clients.

Owners understand the need for some assurances when booking a yacht charter and will generally allow an addendum to be added to the charter contract that includes penalty-free cancellation and postponement policies, subject to terms. 

These can greatly alleviate concerns for anyone looking to book a yacht charter during times of uncertainty.

MYBA special addendum

All MYBA agreements now include a special addendum to their charter contract which stipulates that in the event of any COVID-19 issues arising before the charter commences the following will take place. Either;

• A change of charter destination
• Rescheduling of the charter, or 
• Penalty-free Cancellation

Failing agreement of the first two points, the yacht charter will be cancelled and charterers will be entitled to a full refund without incurring any penalties. 

Hurricane Addendums

There is a standard hurricane addendum that can be added to basic charter contracts which allows charterers to reschedule if a storm has been named and heading towards their planned destination within 48 hours of the start of the charter. 

For anyone planning a yacht charter during the hurricane season, your broker will likely advise the purchase of additional cancellation insurance to cover all bases and provide some peace of mind. 

Whether you are a celebrity or not, non-disclosure agreements are fairly standard when it comes to chartering a luxury yacht. Everyone has the right to privacy and yacht crew are well-versed in matters of discretion when it comes to welcoming new guests on board.

The terms of the non-disclosure agreement can be agreed upon between the yacht charter broker and yacht owner prior to commencement of the charter.

In general terms there are two types of cancellation;

• As a result of a force majeure event
• Cancellation for any reason

Force majeure

Only owners have the right to cancel a yacht charter for reasons of force majeure, for which there exists no legal definition but is understood to mean "unforeseeable circumstances that prevent someone from fulfilling a contract". It should be noted that the cause of cancellation must be directly attributable to the unforeseen event.

If this happens, the charterer is entitled to a full refund of any monies paid to date. Alternatively, both parties have the option to mutually agree to an extension of the yacht charter equivalent to the time lost, or postponement to a later date.

Cancellation for any other reason

If the owner cancels the charter for reasons other than a force majeure event then the charterer shall be entitled to a full refund of any monies paid, plus damages based on a percentage of the charter fee dependent on the proximity to commencement of the yacht charter.

If a charterer cancels then they are deemed to have repudiated the contract, whereby the owner may withhold any payments already made, as well as recover any further sums due.

Owner's obligation

Where a cancellation has been made by the charterer, an owner has an obligation to try and mitigate this loss by re-letting their yacht. If successful, any excess funds, less expenses, shall be reimbursed to the original charterer up to the amount already paid on account. 

Each case will be different so you'll need to check your contract with your yacht charter broker to ensure you are happy with the terms set out.

For more information speak with your yacht charter broker , who will be happy to answer any queries you may have on chartering a luxury yacht.

Please visit our advice pages  covering a wide range of useful information and helpful advice on booking a private luxury yacht charter. We have listed some you may find useful for getting started when planning your luxury yacht charter vacation.

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16 Yacht Charters That Make for a Strangely Affordable Family Vacation

Posted: December 11, 2023 | Last updated: December 12, 2023

While a yacht may be the first thing that pops to mind when you think of the ultra-wealthy, chartering one might not be as expensive as you think. When you're splitting the costs between several family members or friends you are paying for transportation and stay and it can make sense financially.

You can also  keep money in your wallet  by selecting an older vessel or taking charge of sailing yourself (hiring a crew always costs extra).

So let’s take a look at options that may be within reach for people who aren’t living paycheck to paycheck but aren’t brunching with the Kardashians either.

Editor's note: prices are subject to change and may vary depending on the time of the year.

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San Antonio motor yacht

The San Antonio is a luxury motor yacht measuring 146 feet in length that was built in 2018. This huge vessel is capable of accommodating 36 guests in 18 cabins.

The cost to charter it starts at $21,000 per week plus expenses, not including a crew of eight (which we recommend).

Divide the cost by capacity, and that’s only $583 per person per week to start. That’s practically unbeatable for a boat of this size, allowing you to make other savvy moves with your money .

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Virginia Mia motor yacht

Constructed in 2001 (with several subsequent refits), the Virginia Mia is another luxury motor yacht that’s 95 feet in length.

Custom-designed by Nuvolari Lenard, this vessel can sleep eight guests in four cabins as well as an additional crew of four.

Still, thanks to the age of the yacht, the cost of chartering starts at $15,000 plus expenses per week, or just under $2,000 per guest sans crew.

Nautilus sailing yacht

White motor yachts are convenient and luxe, sailing yachts promise a more traditional experience.

At nearly 125 feet, the Nautilus is a large option styled by Robert Delus. Built in 2008, it sleeps 10 guests in five cabins. At this size, you'll likely need a crew of six.

The cost to charter this beauty starts at $17,500 per week sans expenses, again just under $2,000 per person — which really isn't bad for all you're getting.

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Aegean Clipper sailing yacht

The Aegean Clipper is another sailing vessel, this one built all the way back in 1999 — which translates into cost savings for you.

The yacht is another biggie at nearly 135 feet. With 11 cabins, the boat can accommodate up to 24 guests plus five crew members as needed.

In total, your group will have to shell out a minimum of $13,000 plus expenses per week — just over $379 per person. That's a great deal, comparatively speaking.

Silver Fox expedition yacht

If you're looking for something a little smaller that can go the distance, the Silver Fox expedition yacht might be for you.

Built in 2009, the 72-foot yacht accommodates six guests in three cabins for a more intimate experience. There's room for a crew of two if you need their expertise.

With a starting cost of $16,500 per week, the Silver Fox will run each person over $2,700 per week, but the small group may be worth it.

Tivoli expedition yacht

Traveling with a group of the same size but want more length and a bigger crew?

The Tivoli expedition yacht, constructed in 2001 and remodeled in 2010, can fit four crew members. This stunner is just over 90 feet long and can take you on those long hauls.

Yes, it will cost more at $25,000 per week, or over $4,100 per person. But if you can afford it, it’s a dream come true out on the open water.

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Shangri-La classic yacht

Classics are classics for a reason, as they stand the test of time. Such is the case with the Shangri-La, a vintage yacht sure to take you to that magical place.

This vessel sleeps six in three cabins and promises to be child-friendly. The Shangri-La was constructed way back in 1965, and it is 82 feet long with space for three crew members.

A week on this rig will cost you $16,500, or just over $2,700 a pop.

Sai Kung classic yacht

Another vintage beauty, the Sai Kung classic yacht was born in 1975 and got a makeover in 2015. That updated this 79-foot vessel that can sleep nine people in four cabins.

Be sure you’re a nautical whiz, as there’s no room for additional crew here, but that will only save you money.

All told, the Sai Kung will set your group back $17,500 per week, just under $2,000 per person.

Glorious open yacht

Outdoor yachts are designed for those who truly want to live outside, which you can do easily on the Glorious.

This sporty 72-footer is ready to help you dive, scuba, and more, with room for six guests in three cabins. You can bring a crew of two for extra help, of course.

Built in 2007 and remodeled nine years later, chartering the Glorious will run you $16,500 per week, again $2,700 per person.

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Speedy T open yacht

Looking for a bigger open yacht that’s perfect for swim buffs? Charter the Speedy T, a vessel that’s 80 feet long and primed for dips in refreshing ocean waters.

Like many of the yachts on this list, it accommodates six guests in three cabins and has room for three crew members.

All told, one week on this sleek ship — built in 1994 and renovated in 2011 — is $19,500 before expenses, translating to $3,250 per head. But the adventure promises to be unforgettable.

Etoile Magique catamaran yacht

With extra stability even at higher speeds, catamaran yachts like the Etoile Magique are great options for adventure.

This 80-foot vessel is roomy for its size, with room for 16 guests in eight cabins. There’s space for a three-person crew, too.

Constructed in 2004 and remodeled a decade later, this is a budget-friendly adventure in the making. At $18,710 per week before expenses, that shakes out to a bit over $1,100 apiece.

Fuerte 3 catamaran yacht

Meaning “strong” in Spanish, the Fuerte 3 catamaran yacht — built in 2004 and renovated in 2010 — offers a more intimate experience than the Etoile Magique, with space for nine guests in four cabins.

On the smaller side, at 67 feet, you can bring two crew members along if you need them. The price tag for one week is around $22,000, or just over $2,400 a pop. This vessel is best in shallower waters.

Astrape sport fishing yacht

If your idea of the perfect vacation is sport fishing, this boat is for you. The Astrape sport fishing yacht comes with top-of-the-line fishing equipment so you can catch your dream fish.

Built in 2008 and remodeled in 2016, the 76-foot vessel sleeps eight in four cabins. It also has room for three crew members.

On the pricier side at $29,000, a week will cost each person nearly $3,700 — worth it if you can show off that once-in-a-lifetime catch, though!

Barefoot sport fishing yacht

Giving us some real Orca energy, the Barefoot sport fishing yacht was built in 2006 — much later than that famed vessel from "Jaws."

The 64-foot boat is designed for fishing in shallower waters, perfect for you and five friends who will share three cabins. Two crew members can fit, too.

This yacht is cheaper than the Astrape at $17,500, so six folks will pay just under $3,000 a head per week.

Prenses Lila gulet yacht

Gulet yachts are known for their tall masts, ample deck space, and Turkish origins — perfect for a Mediterranean voyage.

To that end, the Prenses Lila is an excellent option for groups of 18. At 114 feet with eight cabins and space for five crew members, this boat beckons.

You can charter Prenses Lila — built in 2009 and remodeled in 2009 — for $17,500 per week in September.

Dreamland gulet yacht

The second gulet yacht and the final boat we’re covering is Dreamland, which will surely take you there. 

Constructed in 2006, 12 guests can sleep in six suites on this 105-foot vessel as well as five crew members.

You can book Dreamland for around $26,000 in high season. Divide that by 12, and you land on about $2,200 per person. That might require some financial fitness , but yachts like this don’t come around every day.

Bottom line

Spending your days sunning and swimming aboard a luxurious yacht may seem like an out-of-reach proposition, but we’re here to tell you it’s possible.

In fact, with planning and savvy budgeting, you can score your dream seafaring adventure. You can even use your favorite credit card to book and earn travel rewards .

Traveling by charter yacht is also more environmentally friendly than flying, which means you can feel good about your sailing vacation.

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Screen Rant

10 below deck charter guests who will never return to the franchise.

While the charter guests who appear on Below Deck have a great time while filming the show, many aren't invited back for a number of reasons.

• Some charter guests on Below Deck have caused unnecessary drama and won't likely return due to bad behavior.
• Captain Glenn Shephard from Below Deck Sailing Yacht faced backlash from Barrie, who called him two-faced.
• Former guest Dr. Francis Martinis will not return to Below Deck after he was arrested for faking prescriptions.

The Below Deck franchise has featured many charter guests since 2013, many of whom will never return . The Bravo series focuses on expensive charters with wealthy guests who have attitude problems and over-the-top demands. That includes Charter guest Alexis Bellino, who boarded Captain Lee Rosbach’s yacht with her boyfriend at the time, Andy Bohn. She was disrespectful and made everyone uncomfortable with her and Andy's PDA. She even insulted crew members after featuring on the show.

Like Alexis, Delores Flora from Below Deck season 8 was a terrible guest. Not only did she misbehave, but she also got drunk and s wam while intoxicated, which is not only not allowed, it frightened the crew members. Delores got kicked out of the yacht the next day. These guests created unnecessary drama on the boat and will likely never return like a few others from the franchise.

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8 barrie & tony, below deck sailing yacht.

Barrie and Tony Drewitt Barlow had a decent time in the Below Deck Sailing Yacht seasons 2 and 3. Despite that, they left with a bitter taste because of Captain Glenn Shephard. In 2021, Barrie participated in a podcast, Pita Party: The Podcast , where he claimed that Captain Glenn bothered him while using his phone .

Barrie said, “he (Captain Glenn) was a two-face b*stard,” adding that he just didn’t like his presence.

7 Frank Fay

Below deck mediterranean.

In Below Deck Mediterranean season 7, Charter guest Frank Fay had a thing for second stew Kyle Viljoen. He pursued him on the yacht, but unfortunately, their relationship didn’t last. Frank will likely never return to the series as long as Captain Sandy Yawn allows Kyle to work for her. Even if Kyle quits, Frank wouldn’t want to be in an environment that would remind him of his failed relationship.

6 Erica Rose

Erica Rose appeared on Below Deck Sailing Yacht two seasons in a row. Erica was highly offensive toward the crew member, as well as her husband, Charles Sanders, and to make things worse, she left the crew with a measly tip , leading fans to slam her on social media. Ultimately, Erica had to apologize for her bad attitude but never returned to give the crew the tip they deserved. Nobody on Below Deck Sailing Yacht would ever want to return.

5 Justin Guarini

Justin Guarini’s time on Below Deck Sailing Yacht was not dramatic at all; however, he’ll probably never return to the series. Justin wouldn’t return because he wasn't the primary guest. He joined his friend, Kim, who wanted to enjoy a luxury yacht trip. It was more of a one-and-done deal. Secondly, nobody recognized him at all. Viewers later realized who he was and how he was the runner-up on American Idol season 1. Justin is a theatre artist and has made a name for himself. However, it was embarrassing that so many fans had no clue who he was .

Below Deck: 8 Charter Guests With The Worst Attitudes

4 johnny damon.

Johnny Damon’s time at Below Deck Med was full of explosive moments. Once, he sent the food back, citing that the experience wasn’t “five stars.” On another occasion, his wife, Michelle, created drama by yelling at the owner of another yacht . Overall, the experience was simply terrible on both sides. Crew members didn’t love Johnny and his wife, and the couple didn’t respect the crew members. It is unlikely that Captain Sandy would want to host the couple again as long as she’s in charge.

3 Krystal Murphy

Former charter guest Krystal Murphy boarded Captain Lee’s yacht with her friends. She immediately began showing red flags, drinking, and just being a menace. Krystal fought with her friend, Chelsea, creating unnecessary drama. She even passed out and punched a friend in the face. Former Chief Stew Kate Chastain disliked serving Krystal and called her a “spoiled brat;” she wanted to throw her off the yacht. Nowadays, Krystal has seemingly become a more private person. It doesn’t seem like Krystal would want to be on TV again.

2 Steve Bradley

Below Deck fans should remember Steve Bradley as he made many appearances on the show. In Below Deck season 3, he wanted a foam party and demanded the crew to figure it out and follow his commands, acting like a king. In Below Deck season 6, Steve made more outrageous requests. Apart from being a wild guest, Steve was entitled and acted inappropriately at times . No Below Deck captain would want to host him again as he didn't come off as very likable.

1 Dr. Francis Martinis

Below deck mediterranean & below deck sailing yacht.

Dr. Francis Martinis from Below Deck Med and Below Deck Sailing Yacht has a zero chance of returning. While the former charter guest didn’t have too many issues on the show, his personal life issues will stop him from appearing on Bravo again. According to TMZ , Dr. Francis and his wife, Jessica, were arrested for filling out fake prescriptions in December 2023 . The couple used the names of Below Deck stars and got caught red-handed. The Below Deck franchise would never want to welcome felons, especially when their mugshots are all over the internet.

Below Deck airs Mondays at 9 p.m. EDT on Bravo.

Sources: Pita Party: The Podcast , Krystal Murphy /Instagram

Below Deck is a popular reality TV franchise that focuses on a group of crew members as they work on luxurious yachts and cater to their client's needs. After the original series proved to be a success, Bravo developed a handful of spinoff shows including Below Deck Selling Yacht, Below Deck Adventure, Below Deck Down Under, and Below Deck Mediterranean.